# November Canola Bears Watching

> November canola closed $2.10 lower at $525 per tonne after setting a contract high of $527.80 on Tuesday. The Canadian dollar gained 87 basis points against the US dollar, and seeding in the US is running ahead of average.

- Date: 2018-05-30 · published 2018-05-30T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65148-november-canola-bears-watching
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A stronger Canadian dollar and faster seeding add bearish pressure on canola, while the widening carry in the Nov/Jan spread signals weaker commercial demand.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2018/05/30/november-canola-bears-watching

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.