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Statistics Canada's June field crop survey puts Canadian canola area at a record 23.4 million acres, up 8.4% on the year. Wheat area is forecast down 5.9% to 25.3 million acres, below trade estimates, while barley, soybeans and corn are expected to rise and oats, lentils and dry peas to fall.
A record canola crop with wheat area below expectations points to heavier canola supply and tighter wheat supply in Canada, with canola meal supply rising for feed. The survey came after China lifted canola tariffs, which may support demand.
agcanada.comAGCanadaJun 30, 2026Not enough comparable past events yet for a historical read.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
