# What is happening with global canola prices? | Farm Weekly | WA

> Canadian canola futures on ICE reached A$1017 per tonne before easing to A$984, reflecting a severe drought in Saskatchewan that produces over half of Canada's canola. June and July temperatures ran above average and rainfall was well below normal.

- Date: 2021-07-20 · published 2021-07-20T12:00:00.000Z
- Category: weather · region Canada · magnitude high
- Page: https://feedsoft.ai/events/46179-what-is-happening-with-global-canola-prices-farm-weekly-wa
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Drought-driven yield losses in Saskatchewan are pushing canola values to record levels, raising the cost of canola meal for feed formulators and supporting alternatives like soybean meal.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/7348400/what-is-happening-with-global-canola-prices/

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