# StatsCan data confirm tight canola supplies - Country Guide

> Statistics Canada data showed canola stocks at about 6.6 million tonnes as of March 31, a four-year low. Analysts said the figure supports the view that old-crop stocks are tight, though the market may have partly priced it in.

- Date: 2017-05-05 · published 2017-05-05T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/70963-statscan-data-confirm-tight-canola-supplies-country-guide
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tight canola stocks support canola meal and oilseed prices into the new crop year.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/statscan-data-confirm-tight-canola-supplies/

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