# AAFC makes changes in July estimates | Farmtario

> Agriculture and Agri-Food Canada's July balance sheet raised durum seeded area and production to 6.30 million tonnes, and cut seeded area for other wheat by 299,000 acres. Canola planted area rose by 612,821 acres to 22.007 million, with production up 528,000 tonnes to 18.628 million tonnes.

- Date: 2024-07-23 · published 2024-07-23T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/29210-aafc-makes-changes-in-july-estimates-farmtario
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher Canadian canola output and a larger projected canola carryout are bearish for canola prices, while the cut in other wheat area and higher durum exports are mixed for wheat.

## Read by commodity

- WHEAT: neutral
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-05-24 | [Change in USDA Wheat Stocks Estimates](https://feedsoft.ai/events/64973-change-in-usda-wheat-stocks-estimates.md) | -0.8% | -2.2% |
| WHEAT | 2019-05-21 | [A Look at AAFC's Supply and Demand Estimates](https://feedsoft.ai/events/59178-a-look-at-aafc-s-supply-and-demand-estimates.md) | -13.2% | -6.0% |
| WHEAT | 2018-01-22 | [ABS says variation in crop estimates is normal \| Farm Online \| ACT](https://feedsoft.ai/events/66945-abs-says-variation-in-crop-estimates-is-normal-farm-online-act.md) | +3.2% | +6.0% |
| WHEAT | 2023-10-24 | [Little change in October AAFC supply/demand outlook - MarketsFarm](https://feedsoft.ai/events/33621-little-change-in-october-aafc-supply-demand-outlook-marketsfarm.md) | +1.8% | +0.8% |
| WHEAT | 2016-11-10 | [WASDE Crop Estimates All Higher Than In October](https://feedsoft.ai/events/73826-wasde-crop-estimates-all-higher-than-in-october.md) | +1.5% | +0.7% |

## Sources

- farmtario.com: https://farmtario.com/daily/aafc-makes-changes-in-july-estimates/

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