# Canola where the action is - StockCo Australia

> A StockCo Australia market note says the May WASDE was a letdown for prices, while new-crop canola rallied on Canadian sowing weather concerns. Old-crop canola remains sticky near $520-525 port, and Australian wheat and barley prices have firmed after harvest-time trucking tightened supply.

- Date: 2017-05-18 · published 2017-05-18T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/71109-canola-where-the-action-is-stockco-australia
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Canadian sowing concerns and a firmer Australian cash market support canola and local grain values, though the report is routine price commentary.

## Read by commodity

- WHEAT: bullish ▲
- AUDUSD: bearish ▼
- BARLEY: bullish ▲
- CANMEAL: bullish ▲

## Sources

- stockco.com.au: https://stockco.com.au/canola-where-the-action-is/

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