# Europe poor canola harvest won't compensate gains by Australia and Canada

> Tridge reports that EU canola output likely fell to a 14-year low due to poor weather, with Ukraine also hit. Strong crops in Australia and Canada are not expected to offset the shortfall, and global canola stocks could fall to half of two years ago.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/51211-europe-poor-canola-harvest-won-t-compensate-gains-by-australia-and-canada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A tight global canola balance supports canola meal and oil prices and may increase demand for substitute protein meals such as soybean meal.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-08-04 | [Quality worries in Europe as rain stalls harvest: Grain market daily \| AHDB](https://feedsoft.ai/events/34521-quality-worries-in-europe-as-rain-stalls-harvest-grain-market-daily-ahdb.md) | -3.8% | -6.3% |
| SBM | 2025-02-03 | [‘It won’t come back’: Argentina farmers battle drought and a shrinking harvest \| Reuters](https://feedsoft.ai/events/13878-it-won-t-come-back-argentina-farmers-battle-drought-and-a-shrinking-harvest.md) | -0.1% | -3.1% |
| SBM | 2024-03-27 | [Excessive rain and dry periods affect the soybean harvest in the South and Central-West - Revista Cultivar](https://feedsoft.ai/events/13583-excessive-rain-and-dry-periods-affect-the-soybean-harvest-in-the-south-and.md) | -2.7% | +1.9% |
| SBM | 2023-03-15 | [Argentine soy processing in crisis as drought threatens harvest -industry group](https://feedsoft.ai/events/13976-argentine-soy-processing-in-crisis-as-drought-threatens-harvest-industry-group.md) | -5.8% | -6.5% |
| SBM | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +2.5% | +1.3% |
| SBO | 2021-07-22 | [Canola conniptions …. - Grain Brokers Australia](https://feedsoft.ai/events/46178-canola-conniptions-grain-brokers-australia.md) | +0.7% | -3.5% |
| 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 | 2021-10-04 | [Canada’s smallest canola harvest in 13 years forces importers to turn elsewhere - The Globe and Mail](https://feedsoft.ai/events/44557-canada-s-smallest-canola-harvest-in-13-years-forces-importers-to-turn-elsewhere.md) | +2.4% | +6.5% |

## Sources

- tridge.com: https://www.tridge.com/insights/europe-poor-canola-harvest-wont-compensate-gains-by-australia-and-canada

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