# Canola conniptions …. - Grain Brokers Australia

> Canadian canola production is deteriorating after a dry spring and extreme temperatures, pushing global canola values sharply higher over the past fortnight. The USDA's 20.2 MMT Canadian estimate is seen as well above local trade estimates, some as low as 16 MMT, while Australian crop prospects are strong.

- Date: 2021-07-22 · published 2021-07-22T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/46178-canola-conniptions-grain-brokers-australia
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A sharp fall in Canadian canola output, the world's largest exporter, tightens global oilseed and canola meal supplies and supports prices for canola meal in feed rations.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-07-28 | [ABARES: Australian Canola Production Could Drop 41% Due to Dry Conditions](https://feedsoft.ai/events/35017-abares-australian-canola-production-could-drop-41-due-to-dry-conditions.md) | -6.0% | -8.0% |
| SBO | 2020-09-30 | [Europe poor canola harvest won't compensate gains by Australia and Canada](https://feedsoft.ai/events/51211-europe-poor-canola-harvest-won-t-compensate-gains-by-australia-and-canada.md) | +1.3% | +3.8% |
| SBO | 2023-01-06 | [Canola Market Starts the New Year Strong \| Northern Canola Growers Association](https://feedsoft.ai/events/37880-canola-market-starts-the-new-year-strong-northern-canola-growers-association.md) | +1.5% | -4.4% |
| SBO | 2021-06-24 | [North American Grain and Oilseed Review: Up limit bounce in canola prices - UkrAgroConsult](https://feedsoft.ai/events/46708-north-american-grain-and-oilseed-review-up-limit-bounce-in-canola-prices.md) | +3.3% | +4.3% |
| SBO | 2022-07-27 | [North American Grain and Oilseed Review: A round of gains for canola 27.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40454-north-american-grain-and-oilseed-review-a-round-of-gains-for-canola-27-07-2022.md) | +4.8% | +10.3% |

## Sources

- grainbrokers.com.au: https://www.grainbrokers.com.au/weekly-commentary/canola-conniptions/

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