# Rapeseed and canola prices supported by lower crop forecasts in Canada

> Canola production forecasts were cut 24.3 percent to 14.7 million tons, the lowest since 2012, while USDA estimated 16 million tons. Heavy rain in the Prairies delayed harvest, and European processors bought local and Ukrainian rapeseed, lifting purchase prices.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/45664-rapeseed-and-canola-prices-supported-by-lower-crop-forecasts-in-canada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Canadian exports to the EU and rising European rapeseed demand tighten global rapeseed and meal supply, supporting feed protein costs.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-06-19 | [Rapeseed prices rose 9.2% for the week amid drought in the US and Canada and forecasts of a reduced crop in Australia](https://feedsoft.ai/events/35593-rapeseed-prices-rose-9-2-for-the-week-amid-drought-in-the-us-and-canada-and.md) | +3.4% | +9.8% |
| SBO | 2020-08-31 | [Low yield supports the price of rapeseed and sunflower](https://feedsoft.ai/events/51719-low-yield-supports-the-price-of-rapeseed-and-sunflower.md) | -0.9% | -0.3% |
| SBO | 2025-06-17 | [Rapeseed and canola prices continue to rise amid rising oil prices and declining harvest forecasts](https://feedsoft.ai/events/24336-rapeseed-and-canola-prices-continue-to-rise-amid-rising-oil-prices-and.md) | -3.8% | -1.6% |
| SBO | 2021-09-16 | [Lower forecasts for sunflower production in Russia support purchase prices in Ukraine](https://feedsoft.ai/events/45177-lower-forecasts-for-sunflower-production-in-russia-support-purchase-prices-in.md) | -1.5% | +5.3% |
| SBO | 2023-04-19 | [Soybean and soybean oil prices are rising amid another cut in Argentina’s crop forecasts](https://feedsoft.ai/events/36470-soybean-and-soybean-oil-prices-are-rising-amid-another-cut-in-argentina-s-crop.md) | -2.8% | -13.5% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-ripak-ta-kanolu-pidtrimalo-znizhennya-prognoziv-vrozhayu-v-kanadi.html

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