# Canada Know-Risk Market Outlook | WASDE Neutral for Grain and Oilseeds

> StoneX called the October WASDE neutral for grains and oilseeds. Corn yield was raised to 183.8 bu/ac, soybean yield was cut 0.1 bu/ac to 53.1, and wheat stocks fell 7 million bushels to 812 million. Canadian canola was higher even though soybeans were lower, with the trade estimating Canada's crop at 17.0 to 17.5 MMT.

- Date: 2024-10-11 · published 2024-10-11T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/27807-canada-know-risk-market-outlook-wasde-neutral-for-grain-and-oilseeds
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Smaller wheat stocks support the longer-term wheat outlook, but the trade viewed the report as a setback for bulls. Canola's strength despite a weaker soybean complex suggests Canadian supply concerns are supporting canola meal values.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-08-11 | [Canada Know-Risk Market Outlook \| WASDE Within Expectations](https://feedsoft.ai/events/34515-canada-know-risk-market-outlook-wasde-within-expectations.md) | -1.5% | -7.4% |
| WHEAT | 2025-09-30 | [Canada Know-Risk Market Outlook \| Corn Stocks Higher Than Expected](https://feedsoft.ai/events/22797-canada-know-risk-market-outlook-corn-stocks-higher-than-expected.md) | +0.4% | +5.9% |
| WHEAT | 2023-09-27 | [The global barley outlook and where next for prices: Grain market daily \| AHDB](https://feedsoft.ai/events/34170-the-global-barley-outlook-and-where-next-for-prices-grain-market-daily-ahdb.md) | -5.3% | -2.4% |
| WHEAT | 2021-11-08 | [November WASDE neutral to bullish for grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44005-november-wasde-neutral-to-bullish-for-grains-agweek-1-source-for-agriculture.md) | -1.8% | -2.2% |
| WHEAT | 2024-05-12 | [Key data in USDA's May 10 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/30218-key-data-in-usda-s-may-10-wasde-report-and-difference-from-market-expectations.md) | +0.8% | +5.0% |
| CORN | 2021-07-14 | [Grain and Oilseed Markets and Weather Outlook](https://feedsoft.ai/events/45980-grain-and-oilseed-markets-and-weather-outlook.md) | -9.8% | -13.0% |
| CORN | 2018-01-01 | [Grains and Oilseeds Outlook](https://feedsoft.ai/events/66848-grains-and-oilseeds-outlook.md) | +0.3% | +2.5% |
| CORN | 2021-11-08 | [November WASDE neutral to bullish for grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44005-november-wasde-neutral-to-bullish-for-grains-agweek-1-source-for-agriculture.md) | +5.9% | +8.0% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/canada-know-risk-market-outlook-wasde-neutral-for-grain-and-oilseeds-1528500/

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