# Canada’s smallest canola harvest in 13 years forces importers to turn elsewhere - The Globe and Mail

> Canada's smallest canola harvest in 13 years, caused by severe drought, is forcing importers to pay more or source from other countries. Exports from August 1 through the first seven weeks were down 71% year over year, and crushers are buying nearly all available supply.

- Date: 2021-10-04 · published 2021-10-04T12:00:00.000Z
- Category: weather · region Canada · magnitude high
- Page: https://feedsoft.ai/events/44557-canada-s-smallest-canola-harvest-in-13-years-forces-importers-to-turn-elsewhere
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tight Canadian supply lifts canola meal and oil prices, and importers' switch to palm and soybean oil adds upward pressure on vegetable oil and feed protein markets.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2021-10-05 | 5 | +9.6% | 2.8 | Canada's smallest canola harvest in 13 years tightened global vegetable oil supply and lifted competing oils, supporting palm through substitution and sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-10-04 | [Canada's drought forces canola importers to turn elsewhere - Grainews](https://feedsoft.ai/events/44559-canada-s-drought-forces-canola-importers-to-turn-elsewhere-grainews.md) | +2.4% | +6.5% |
| 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 | 2021-08-30 | [Canada's Wheat Crop Reaches 14-Year Low, Canola Harvest Shrivels \| ESM Magazine](https://feedsoft.ai/events/45663-canada-s-wheat-crop-reaches-14-year-low-canola-harvest-shrivels-esm-magazine.md) | -1.7% | -3.9% |
| SBO | 2021-08-31 | [Rapeseed and canola prices supported by lower crop forecasts in Canada](https://feedsoft.ai/events/45664-rapeseed-and-canola-prices-supported-by-lower-crop-forecasts-in-canada.md) | -1.2% | +0.0% |
| SBO | 2021-12-18 | [Canada’s Canola Oil Shortage \| The Griffins’ Nest](https://feedsoft.ai/events/43562-canada-s-canola-oil-shortage-the-griffins-nest.md) | +2.2% | +3.4% |
| PALMOIL | 2021-10-04 | [Canada's drought forces canola importers to turn elsewhere - Grainews](https://feedsoft.ai/events/44559-canada-s-drought-forces-canola-importers-to-turn-elsewhere-grainews.md) | +8.9% | +10.3% |
| PALMOIL | 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) | +8.9% | +10.3% |
| PALMOIL | 2025-04-11 | [Tariffs and weather impact global canola markets \| Stock Journal \| SA](https://feedsoft.ai/events/11671-tariffs-and-weather-impact-global-canola-markets-stock-journal-sa.md) | -0.6% | -5.1% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/article-canadas-smallest-canola-harvest-in-13-years-forces-importers-to-turn/

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