# Extreme heat wallops wheat and canola crops, pushing prices to record highs | CBC News

> Extreme heat and drought across Western Canada and the US Northern Plains have pushed Minneapolis spring wheat to $8.34 a bushel, its highest since 2013, and canola to record highs. Crop losses are expected to reduce both quantity and quality.

- Date: 2021-06-29 · published 2021-06-29T12:00:00.000Z
- Category: weather · region Western Canada · magnitude high
- Page: https://feedsoft.ai/events/46626-extreme-heat-wallops-wheat-and-canola-crops-pushing-prices-to-record-highs-cbc
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Likely yield and quality losses in spring wheat and canola tighten global supplies of these crops and support prices, which is likely to raise the cost of wheat and canola meal in feed rations.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-04-21 | [Wheat prices torn between strong Russian exports and struggling US crops \| Stock Journal \| SA](https://feedsoft.ai/events/36443-wheat-prices-torn-between-strong-russian-exports-and-struggling-us-crops-stock.md) | -7.3% | +2.0% |
| KWHEAT | 2026-09-21 | [Wheat prices near multi-year highs as war, weather, and harvest shortfalls converge By Investing.com](https://feedsoft.ai/events/9695-wheat-prices-near-multi-year-highs-as-war-weather-and-harvest-shortfalls.md) | -4.1% | -10.0% |
| KWHEAT | 2023-06-06 | [Wheat prices are recovering amid increased demand and lower crop forecasts](https://feedsoft.ai/events/35513-wheat-prices-are-recovering-amid-increased-demand-and-lower-crop-forecasts.md) | -3.1% | +3.3% |
| KWHEAT | 2024-12-05 | [Wheat prices higher amid Russian quality concerns - Brownfield Ag News](https://feedsoft.ai/events/27013-wheat-prices-higher-amid-russian-quality-concerns-brownfield-ag-news.md) | +4.4% | +2.1% |
| WHEAT | 2022-11-21 | [South American crops projected to hit record highs and lows - Brownfield Ag News](https://feedsoft.ai/events/38579-south-american-crops-projected-to-hit-record-highs-and-lows-brownfield-ag-news.md) | +0.2% | -2.4% |
| WHEAT | 2017-07-06 | [Food Prices Near 2-Year High Thanks to a Record Surge in Butter and Wheat - Bloomberg](https://feedsoft.ai/events/6181-food-prices-near-2-year-high-thanks-to-a-record-surge-in-butter-and-wheat.md) | -1.4% | +0.3% |
| 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% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/canola-wheat-heat-1.6084492

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