# Potential for canola prices to rise on the back of negative Canadian production outlook  | Farm Online | ACT

> Australian canola trades near AUD 530 per tonne delivered port, with a reported AUD 14 per tonne rise in international prices early in the week. Oil World warned Canadian canola output may fall below 18 million tonnes, a three-year low, versus USDA's 20.5 million tonne projection, amid dry conditions in Canada and Australia.

- Date: 2017-08-16 · published 2017-08-16T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/69552-potential-for-canola-prices-to-rise-on-the-back-of-negative-canadian-production
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A smaller Canadian crop tightens exportable canola supply and supports oilseed meal prices, while expected EU and Black Sea recovery may offset some pressure later. Canola premiums to soybeans at historic highs may also shift demand toward other feeds.

## Read by commodity

- SOY: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-27 | [Potential Brazil corn and soybean production in 2021/22](https://feedsoft.ai/events/45432-potential-brazil-corn-and-soybean-production-in-2021-22.md) | -6.5% | -6.0% |
| SOY | 2025-08-19 | [El Niño and La Niña affect grain production in Goiás and the Federal District - Cultivar Magazine](https://feedsoft.ai/events/23242-el-nino-and-la-nina-affect-grain-production-in-goias-and-the-federal-district.md) | +0.5% | +2.8% |
| SOY | 2025-11-06 | [Brazilian production uncertainties mount - Pro Farmer](https://feedsoft.ai/events/13461-brazilian-production-uncertainties-mount-pro-farmer.md) | +0.1% | -0.0% |
| SOY | 2023-08-31 | [With El Niño, farmers must pay attention to management at the beginning of the soybean harvest 23/24 - Revista Cultivar](https://feedsoft.ai/events/13633-with-el-nino-farmers-must-pay-attention-to-management-at-the-beginning-of-the.md) | -2.6% | -5.8% |
| SOY | 2019-01-16 | [Concerns over China affecting canola \| The Western Producer](https://feedsoft.ai/events/61073-concerns-over-china-affecting-canola-the-western-producer.md) | +2.4% | +2.6% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/4859178/farmers-waiting-for-the-good-oil-on-canola-prices/

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