# First insight into Canadian canola crop damage: Grain market daily | AHDB

> Paris rapeseed futures closed near €574.75 per ton while UK rapeseed delivered Erith reached £485 per ton, the highest this marketing year. Drought in North America cut Canadian canola, and USDA projected global rapeseed stocks-to-use at its tightest since 2011.

- Date: 2021-08-18 · published 2021-08-18T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/45665-first-insight-into-canadian-canola-crop-damage-grain-market-daily-ahdb
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Very tight global rapeseed stocks support oilseed and meal prices, limiting cheaper protein options for feed buyers.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2016-04-21 | [Soybeans Enter Bull Market After Floods Damage Argentina's Crop \| Investor's Business Daily](https://feedsoft.ai/events/7718-soybeans-enter-bull-market-after-floods-damage-argentina-s-crop-investor-s.md) | -2.9% | -6.3% |
| SBO | 2016-04-22 | [Soybeans approach bull market as floods damage Argentina’s crop \| Bowling Green Daily News](https://feedsoft.ai/events/8548-soybeans-approach-bull-market-as-floods-damage-argentina-s-crop-bowling-green.md) | -3.4% | -6.7% |
| 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 | 2021-11-26 | [Canadian Drought Has Major Impact](https://feedsoft.ai/events/44015-canadian-drought-has-major-impact.md) | -4.6% | -4.5% |
| 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% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/first-insight-into-canadian-canola-crop-damage-grain-market-daily

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