# Canada's Wheat Crop Reaches 14-Year Low, Canola Harvest Shrivels | ESM Magazine

> Statistics Canada estimated the 2021 all-wheat crop at 22.9 million tonnes, down 35 percent, and canola at 14.7 million tonnes, down 24 percent, both due to drought and record heat in the western crop belt. Canola futures were little changed after the report, and drought had pushed canola prices to record highs.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: weather · region Canada · magnitude high
- Page: https://feedsoft.ai/events/45663-canada-s-wheat-crop-reaches-14-year-low-canola-harvest-shrivels-esm-magazine
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A 14-year low in Canadian wheat and a sharp canola drop tighten global supplies, pushing buyers toward substitutes and lifting meal and oil prices.

## Read by commodity

- SBO: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-12 | [Strategie Grains Lowers Forecast For EU Wheat, Barley Harvests \| ESM Magazine](https://feedsoft.ai/events/45509-strategie-grains-lowers-forecast-for-eu-wheat-barley-harvests-esm-magazine.md) | +2.5% | +4.2% |
| WHEAT | 2017-05-24 | [Chilly Weather Risks Delaying Black Sea Wheat, Barley Harvest \| ESM Magazine](https://feedsoft.ai/events/71080-chilly-weather-risks-delaying-black-sea-wheat-barley-harvest-esm-magazine.md) | -0.1% | -0.3% |
| WHEAT | 2019-02-19 | [Australian wheat crop falls to an 11-year low \| SA](https://feedsoft.ai/events/60575-australian-wheat-crop-falls-to-an-11-year-low-sa.md) | -3.8% | -0.5% |
| WHEAT | 2017-07-31 | [Canola market dips to rally, heat stress hits wheat crops - AgCanada](https://feedsoft.ai/events/69929-canola-market-dips-to-rally-heat-stress-hits-wheat-crops-agcanada.md) | +6.2% | -1.0% |
| WHEAT | 2018-09-05 | [Wheat Rebounds On Supply Woes, Corn At Two-Week High \| ESM Magazine](https://feedsoft.ai/events/6997-wheat-rebounds-on-supply-woes-corn-at-two-week-high-esm-magazine.md) | +0.2% | -3.9% |
| KWHEAT | 2021-08-12 | [Strategie Grains Lowers Forecast For EU Wheat, Barley Harvests \| ESM Magazine](https://feedsoft.ai/events/45509-strategie-grains-lowers-forecast-for-eu-wheat-barley-harvests-esm-magazine.md) | +1.9% | -4.8% |
| KWHEAT | 2017-07-31 | [Canola market dips to rally, heat stress hits wheat crops - AgCanada](https://feedsoft.ai/events/69929-canola-market-dips-to-rally-heat-stress-hits-wheat-crops-agcanada.md) | -4.5% | -15.9% |
| KWHEAT | 2017-05-30 | [Early U.S. winter wheat harvest supports low-protein fears - Grainews](https://feedsoft.ai/events/71031-early-u-s-winter-wheat-harvest-supports-low-protein-fears-grainews.md) | -1.7% | +3.5% |

## Sources

- esmmagazine.com: https://www.esmmagazine.com/supply-chain/canadas-wheat-crop-reaches-14-year-low-canola-harvest-shrivels-144825

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