# Domestic Crushers Willing to Pay Premiums to Keep Canola Home | Country 600 CJWW

> MarketsFarm analyst Mike Jubinville says Canadian canola crushers remain eager to buy seed at record prices after a drought in Western Canada. He estimates the 2021/22 canola crush at 9.4 million tonnes and exports at 4 to 4.5 million tonnes, with ending stocks near 650,000 tonnes.

- Date: 2021-11-22 · published 2021-11-22T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/44164-domestic-crushers-willing-to-pay-premiums-to-keep-canola-home-country-600-cjww
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Sharply lower canola exports and minimal ending stocks point to tight supplies that keep canola meal and oil prices supported. Crushers' willingness to pay premiums reinforces firm seed and meal values for feed buyers.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-10-04 | [Drought forces canola importers to pay more, scour other countries \| Financial Post](https://feedsoft.ai/events/44555-drought-forces-canola-importers-to-pay-more-scour-other-countries-financial-post.md) | +2.4% | +6.5% |
| SBO | 2025-06-17 | [Rapeseed and canola prices continue to rise amid rising oil prices and declining harvest forecasts](https://feedsoft.ai/events/24336-rapeseed-and-canola-prices-continue-to-rise-amid-rising-oil-prices-and.md) | -3.8% | -1.6% |
| SBO | 2023-07-28 | [ABARES: Australian Canola Production Could Drop 41% Due to Dry Conditions](https://feedsoft.ai/events/35017-abares-australian-canola-production-could-drop-41-due-to-dry-conditions.md) | -6.0% | -8.0% |
| SBO | 2019-01-18 | [Lower dollar boosts canola \| The Western Producer](https://feedsoft.ai/events/61188-lower-dollar-boosts-canola-the-western-producer.md) | +4.4% | +4.1% |
| SBO | 2022-02-16 | [EXCLUSIVE: Exclusive: Paraguay soy crushers, hit by drought, risk running out of beans \| Reuters](https://feedsoft.ai/events/14053-exclusive-exclusive-paraguay-soy-crushers-hit-by-drought-risk-running-out-of.md) | +7.4% | +5.4% |

## Sources

- cjwwradio.com: https://www.cjwwradio.com/2021/11/22/domestic-crushers-willing-to-pay-premiums-to-keep-canola-home/

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