# Canadian wheat, canola harvests expand, rebound from dry conditions

> Statistics Canada raised its canola production estimate to 18.3 million tonnes from 17.4 million in the previous report, down 2 percent from last year and in line with trade expectations. ICE Canada January canola futures eased slightly after the report.

- Date: 2023-12-04 · published 2023-12-04T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/32661-canadian-wheat-canola-harvests-expand-rebound-from-dry-conditions
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A larger-than-previous Canadian crop adds supply, though the figure matched expectations, so the price reaction was muted.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/americas/canadian-wheat-canola-harvests-expand-rebound-dry-conditions-2023-12-04/

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