# Canola price outlook firm despite dollar rise, new-crop season decisions - Grain Central

> Australian canola prices for 2017 are holding near 2016 levels, with bids around A$530/t at port despite a stronger Australian dollar. Australian Oilseeds Federation said returns remain above A$500/t and an overall shortage of canola has supported values. Exports from WA, especially EU-certified sustainable canola, have started strongly, with about 2 Mt expected to be shipped by late February.

- Date: 2017-02-01 · published 2017-02-01T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/72596-canola-price-outlook-firm-despite-dollar-rise-new-crop-season-decisions-grain
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Firm Australian canola prices and strong export pace tighten exportable supply and support oilseed values, while a rising currency has partly offset farm-gate prices. Growers may shift planting toward oilseeds given the favourable price relationship with cereals.

## Read by commodity

- AUDUSD: bullish ▲
- CANMEAL: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/cropping/canola-price-outlook-firm-despite-dollar-rise-new-crop-season-decisions/

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