# World's Largest Canola Reserves Plunge 49% | Feed & Grain

> Statistics Canada data showed canola inventories in Canada fell 49% to 1.8 million metric tons as of July 31, the lowest since 2017. Strong demand for cooking oil and higher Chinese purchases, with exports up about a third, drew down stocks.

- Date: 2021-09-09 · published 2021-09-09T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/45045-world-s-largest-canola-reserves-plunge-49-feed-and-grain
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tight old-crop canola stocks and strong export pull support canola meal and oil values until new-crop supply arrives, limiting cheap feed options.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-02-03 | [Argentina soybean output projected to plummet \| World Grain](https://feedsoft.ai/events/13985-argentina-soybean-output-projected-to-plummet-world-grain.md) | -3.8% | -1.4% |
| SBO | 2022-10-04 | [Report: Renewable Diesel Will Turbocharge U.S. Biofuel Growth \| Feed & Grain](https://feedsoft.ai/events/15362-report-renewable-diesel-will-turbocharge-u-s-biofuel-growth-feed-and-grain.md) | +3.3% | +8.3% |
| SBO | 2024-10-24 | [Global grain trade review \| World Grain](https://feedsoft.ai/events/14260-global-grain-trade-review-world-grain.md) | +2.3% | +4.4% |
| SBO | 2017-06-30 | [Argentina’s soybean production estimates lower in 2017-18 \| World-grain.com \| June 30, 2017 12:42 \| World Grain](https://feedsoft.ai/events/70323-argentina-s-soybean-production-estimates-lower-in-2017-18-world-grain-com-june.md) | +1.1% | +6.8% |
| SBO | 2025-03-24 | [China’s soybean demand, crush projected to grow \| World Grain](https://feedsoft.ai/events/25571-china-s-soybean-demand-crush-projected-to-grow-world-grain.md) | +3.3% | +12.5% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-handling-processing/news/15386434/worlds-largest-canola-reserves-plunge-49

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