# Canola: Canada sold out 6 months before the next

> Canada has sold out of canola roughly six months before the next harvest after prices hit a near 13-year high. Exports are up about 33% and China more than doubled its purchases in December, though restrictions on two exporters remain.

- Date: 2021-02-01 · published 2021-02-01T12:00:00.000Z
- Category: trade · region Canada · magnitude high
- Page: https://feedsoft.ai/events/48616-canola-canada-sold-out-6-months-before-the-next
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Limited remaining Canadian supply and strong demand for oil and meal keep canola and meal prices firm, and an upcoming Statistics Canada estimate could move prices.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-08-25 | [Can the US Quit Canada's Canola Oil? \| the deep dive](https://feedsoft.ai/events/6514-can-the-us-quit-canada-s-canola-oil-the-deep-dive.md) | +8.1% | +2.0% |
| SBO | 2021-12-17 | [Canada. Drought takes big bite out of canola exports 17.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/43560-canada-drought-takes-big-bite-out-of-canola-exports-17-12-2021-ukragroconsult.md) | +0.6% | +3.7% |
| SBO | 2023-11-17 | [U.S. goes on canola oil buying spree \| The Western Producer](https://feedsoft.ai/events/33174-u-s-goes-on-canola-oil-buying-spree-the-western-producer.md) | +1.2% | -1.6% |
| SBO | 2019-10-08 | [Canadian canola exporters look to EU biofuel market](https://feedsoft.ai/events/56541-canadian-canola-exporters-look-to-eu-biofuel-market.md) | -0.4% | +6.2% |
| SBO | 2025-12-02 | [Canola crush capacity use back to normal \| The Western Producer](https://feedsoft.ai/events/21446-canola-crush-capacity-use-back-to-normal-the-western-producer.md) | -2.3% | -5.7% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-canola-canada-sold-out-6-months-next-harvest-2021-02-01

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