# November Canola back above $500/mt

> November canola futures closed above $500/mt on January 3, gaining $8.70 over three sessions after testing moving-average support. The article notes Statistics Canada's higher-than-expected 2017 production estimate had raised expected 2017/18 ending stocks.

- Date: 2018-01-03 · published 2018-01-03T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/67083-november-canola-back-above-500-mt
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Technical rebound aside, the bearish Statistics Canada stock build caps upside for canola meal and seed, so feed buyers should expect range-bound prices.

## Read by commodity

- CANMEAL: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2018/01/03/november-canola-back-500mt

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