# Commodity prices — if it ain't one thing it is another - Grainews

> Canada's 2021 canola crop was forecast at 14.75 million tonnes in mid-September, down 24% from 2020 and the lowest in nine years, due to drought-driven yield losses. Analysts say final production could fall below 13 million tonnes, while Australia is having one of its best canola years.

- Date: 2021-10-19 · published 2021-10-19T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/44674-commodity-prices-if-it-ain-t-one-thing-it-is-another-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A much smaller Canadian crop tightens canola meal and oil availability for importers, supporting prices. Australia's large crop may partly offset the shortfall in export markets.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/blog/lees-insight/commodity-prices-if-it-aint-one-thing-it-is-another/

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