# Canada. Drought takes big bite out of canola exports 17.12.2021 - UkrAgroConsult

> Canada has shipped 2.4 million tonnes of canola so far in the 2021-22 marketing year, with another million tonnes sold and in the handling system. USDA data shows exports down almost 50% over the first three months, with steep drops to the EU, UAE, China and Japan. Importers are turning to Australia, which is forecast to ship a record 4.6 million tonnes.

- Date: 2021-12-17 · published 2021-12-17T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/43560-canada-drought-takes-big-bite-out-of-canola-exports-17-12-2021-ukragroconsult
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A short Canadian crop has cut export supply, pushing buyers toward Australian canola and tightening global oilseed meal and oil supplies. This supports canola meal and vegetable oil prices.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-08-10 | [Sunflower prices are rising on expectations of increased exports of oil and meal 10.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/40147-sunflower-prices-are-rising-on-expectations-of-increased-exports-of-oil-and.md) | -1.1% | +1.7% |
| SBO | 2022-01-11 | [Ukraine has increased the export of sunflower oil and reduced the supply of sunflower meal in December 2021 11.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43256-ukraine-has-increased-the-export-of-sunflower-oil-and-reduced-the-supply-of.md) | -0.7% | +6.7% |
| SBO | 2021-09-03 | [Latin American soybean oil basis surge on improving demand, supply worries 03.09.2021 - UkrAgroConsult](https://feedsoft.ai/events/45153-latin-american-soybean-oil-basis-surge-on-improving-demand-supply-worries-03-09.md) | -2.4% | +1.3% |
| SBO | 2019-10-08 | [Canadian canola exporters look to EU biofuel market](https://feedsoft.ai/events/56541-canadian-canola-exporters-look-to-eu-biofuel-market.md) | -0.4% | +6.2% |
| SBO | 2021-02-01 | [Canola: Canada sold out 6 months before the next](https://feedsoft.ai/events/48616-canola-canada-sold-out-6-months-before-the-next.md) | +3.4% | +14.3% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/canada-drought-takes-big-bite-out-of-canola-exports/

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