# Canola plantings in Australia may decline

> Australian wheat and barley acreage is expected to expand in 2024/25 on favorable weather and Chinese demand following removal of punitive duties. Canola plantings may decline 4-20% due to lower yields and western dryness. Canola production is projected to fall by 0.7-1 million tons to 4.6-5 million tons.

- Date: 2024-04-08 · published 2024-04-08T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/30669-canola-plantings-in-australia-may-decline
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower canola output reduces oilseed meal supply, supporting canola meal prices, while larger grain crops add export supply.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-05-22 | [Dryness Threatens Australia's Canola Output, Wheat Seen Recovering \| ESM Magazine](https://feedsoft.ai/events/30188-dryness-threatens-australia-s-canola-output-wheat-seen-recovering-esm-magazine.md) | -7.4% | -10.9% |
| WHEAT | 2024-04-08 | [Rain and Chinese demand to boost Australia's wheat, barley planting \| Science-Environment](https://feedsoft.ai/events/30663-rain-and-chinese-demand-to-boost-australia-s-wheat-barley-planting-science.md) | +3.2% | +1.3% |
| WHEAT | 2024-07-01 | [Dryness threatens Australia's canola output, wheat seen recuperating](https://feedsoft.ai/events/29198-dryness-threatens-australia-s-canola-output-wheat-seen-recuperating.md) | +6.6% | -1.3% |
| WHEAT | 2017-04-26 | [Canola up on planting woes, market eyes weather, trade policy \| The Western Producer](https://feedsoft.ai/events/71596-canola-up-on-planting-woes-market-eyes-weather-trade-policy-the-western-producer.md) | +3.3% | +1.6% |
| WHEAT | 2020-10-07 | [La Niña's Mixed Blessing: For Australia, a 90% Jump in Wheat Production](https://feedsoft.ai/events/50566-la-nina-s-mixed-blessing-for-australia-a-90-jump-in-wheat-production.md) | +0.4% | -0.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/canola-plantings-in-australia-may-decline/

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