# Canola (Rapeseed) Exceeds Its Smoking Point As Prices Climb To Record Highs

> Canola futures on the Winnipeg Commodity Exchange closed at a record C$908.70 per tonne, up from C$463.20 a year earlier. Dry weather in Canada and Ukraine, the two top canola exporters, is threatening crops.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/47707-canola-rapeseed-exceeds-its-smoking-point-as-prices-climb-to-record-highs
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weather threats to the two largest exporters are driving record canola prices, raising feed costs for meal buyers and supporting palm and vegetable oil markets.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- forbes.com: https://www.forbes.com/sites/salgilbertie/2021/04/30/canola-rapeseed-exceeds-its-smoking-point-as-prices-climb-to-record-highs/

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