# Canola traders are fixed on forecasts for a record crop - Manitoba Co-operator

> ICE canola futures traded in a range of about $475 to $525 per tonne, closing the week near $494.80. Statistics Canada's satellite-based model puts the 2017 canola crop at a record 19.7 million tonnes, and deliveries into the pipeline are running above half a million tonnes weekly.

- Date: 2017-09-28 · published 2017-09-28T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/68930-canola-traders-are-fixed-on-forecasts-for-a-record-crop-manitoba-co-operator
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A record crop and steady deliveries cap canola prices within the range, although strong global oilseed demand limits downside.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/markets/canola-traders-are-fixed-on-forecasts-for-a-record-crop/

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