# Canadian Canola Update – Oct ’21 – Atten Babler Risk Management

> Atten Babler's October 2021 update says Canadian canola ending stocks hit a four-year seasonal low and the 2021-22 crop is expected at a 13-year low because of severe drought. It also notes that Pacific Northwest canola meal prices correlate closely with CME soybean meal prices.

- Date: 2021-10-27 · published 2021-10-27T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/44556-canadian-canola-update-oct-21-atten-babler-risk-management
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Low canola stocks and yields point to firm canola meal prices, and the strong soybean meal correlation means dairy rations may see higher protein costs across both meals.

## Read by commodity

- SBM: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-11-26 | [Canadian Drought Has Major Impact](https://feedsoft.ai/events/44015-canadian-drought-has-major-impact.md) | -0.6% | +11.2% |
| SBM | 2019-01-09 | [Brazil, Argentina Crop Weather Update](https://feedsoft.ai/events/61025-brazil-argentina-crop-weather-update.md) | -2.6% | -2.7% |
| SBM | 2019-02-06 | [Brazil, Argentina Crop Weather Update](https://feedsoft.ai/events/60441-brazil-argentina-crop-weather-update.md) | -0.1% | -2.5% |
| SBM | 2019-07-15 | [Flash Drought and Crop Stress Concerns \| Integrated Crop Management](https://feedsoft.ai/events/57919-flash-drought-and-crop-stress-concerns-integrated-crop-management.md) | -0.7% | -5.3% |
| SBM | 2017-11-07 | [Delay in rains harms soybean crops and requires careful management - Revista Cultivar](https://feedsoft.ai/events/67825-delay-in-rains-harms-soybean-crops-and-requires-careful-management-revista.md) | -1.5% | +8.0% |

## Sources

- attenbabler.com: https://www.attenbabler.com/index.php/2021/10/27/canadian-canola-update-oct-21/

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