# Trade looks to potential, not projections, post-StatsCan data - Grainews

> Canadian wheat seeded area for 2017 is estimated down 3.7% from 2016 to 22.4 million acres, while spring wheat area is expected to rise 2.5% to 15.8 million acres, according to Statistics Canada's June survey. U.S. wheat and canola futures rallied in early trading as traders focused on dryness in the Dakotas, Montana and Saskatchewan, with dry areas forecast to spread into eastern Alberta in July. Late seeding in Western Canada leaves more of the crop in its reproductive phase, when heat stress is most damaging.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/10149-trade-looks-to-potential-not-projections-post-statscan-data-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dry weather during the reproductive stage threatens yields, and a weaker crop outlook supports wheat prices and tightens feed grain supplies in the region.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-09-29 | [More rain required to lock in winter-crop potential - Grain Central](https://feedsoft.ai/events/51041-more-rain-required-to-lock-in-winter-crop-potential-grain-central.md) | +2.2% | +4.7% |
| WHEAT | 2018-12-04 | [Winter crop production down after poor start to spring: ABARES - Grain Central](https://feedsoft.ai/events/61530-winter-crop-production-down-after-poor-start-to-spring-abares-grain-central.md) | -0.3% | +1.5% |
| WHEAT | 2023-08-01 | [Tough summer hits EU grain production outlook - Grain Central](https://feedsoft.ai/events/34513-tough-summer-hits-eu-grain-production-outlook-grain-central.md) | +0.4% | -7.2% |
| WHEAT | 2024-02-08 | [France Faces Potential Drop to Century’s Lowest Durum Wheat Production Amid Adverse Weather](https://feedsoft.ai/events/31604-france-faces-potential-drop-to-century-s-lowest-durum-wheat-production-amid.md) | -4.2% | -1.8% |
| WHEAT | 2025-01-29 | [Drought, low prices to drop Mexico’s grain production  \| World Grain](https://feedsoft.ai/events/26570-drought-low-prices-to-drop-mexico-s-grain-production-world-grain.md) | +0.6% | +1.4% |

## Sources

- albertafarmexpress.ca: https://www.albertafarmexpress.ca/daily/trade-looks-to-potential-not-projections-post-statscan-data/
- country-guide.ca: https://www.country-guide.ca/daily/trade-looks-to-potential-not-projections-post-statscan-data/
- grainews.ca: https://www.grainews.ca/daily/trade-looks-to-potential-not-projections-post-statscan-data/
- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/trade-looks-to-potential-not-projections-post-statscan-data/

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