# Canola Market Lacks Signs of Urgency Heading into 2017/18

> DTN analysis says the November canola contract closed at $510.30 per tonne last week, near the middle of its five-year price range for that week. The 2016/17 crop year ends with record exports near 11 million tonnes and crush above 9 million tonnes. Markets show little urgency despite tight expected carryout and declining Prairie crop conditions.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/69925-canola-market-lacks-signs-of-urgency-heading-into-2017-18
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weakening spreads and a neutral price position suggest the market is not yet pricing in the tight 2017/18 supplies, so near-term canola meal support remains limited.

## Read by commodity

- CANMEAL: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2017/07/31/canola-market-lacks-signs-urgency

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