# Market outlook: What’s Ahead for Canola? – Canola Digest

> Canola Digest's market outlook says global vegetable oil and meal demand keeps rising and forecasts a 3% increase in Western Canadian canola acres to a record 23.75 million acres. Prices in 2017-18 have been relatively stable, and soybean production trends in South America are highlighted as the main oilseed driver.

- Date: 2018-03-06 · published 2018-03-06T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/65970-market-outlook-what-s-ahead-for-canola-canola-digest
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A record Canadian acreage increase points to larger future canola supply, which is bearish for canola prices, while rising global demand supports the market.

## Read by commodity

- SOY: neutral
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-07-18 | [Canola Market Outlook: July 18, 2022](https://feedsoft.ai/events/40594-canola-market-outlook-july-18-2022.md) | -2.1% | +13.9% |
| SOY | 2024-10-11 | [Canada Know-Risk Market Outlook \| WASDE Neutral for Grain and Oilseeds](https://feedsoft.ai/events/27807-canada-know-risk-market-outlook-wasde-neutral-for-grain-and-oilseeds.md) | -2.6% | +0.1% |
| SOY | 2024-11-27 | [Market Update for Rapeseed & Canola 27th of Nov. 2024](https://feedsoft.ai/events/27511-market-update-for-rapeseed-and-canola-27th-of-nov-2024.md) | +0.0% | +0.5% |
| SOY | 2021-07-14 | [Grain and Oilseed Markets and Weather Outlook](https://feedsoft.ai/events/45980-grain-and-oilseed-markets-and-weather-outlook.md) | +0.4% | +0.7% |
| SOY | 2025-09-30 | [Canada Know-Risk Market Outlook \| Corn Stocks Higher Than Expected](https://feedsoft.ai/events/22797-canada-know-risk-market-outlook-corn-stocks-higher-than-expected.md) | +0.7% | +5.6% |

## Sources

- canoladigest.ca: https://canoladigest.ca/march-2018/market-outlook-whats-ahead-for-canola/

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