# Wild Weather Boosts Canola Futures as Drought, Hail Pummel Crop

> Excessive moisture in northern Alberta and Saskatchewan and dryness in central Saskatchewan are delaying canola emergence and hampering seeding. Canola futures reached their highest levels since late March on crop weather concerns. Analysts warn of potential production problems.

- Date: 2020-06-17 · published 2020-06-17T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/52563-wild-weather-boosts-canola-futures-as-drought-hail-pummel-crop
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weather-driven production risk in Canada's top canola region supports canola meal prices and could tighten export supplies.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/wild-weather-boosts-canola-futures-as-drought-hail-pummel-crop

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