# Tightening canola stocks projected, AAFC says | Farmtario

> Agriculture and Agri-Food Canada cut its 2023-24 canola production forecast to 17.368 million tonnes and ending stocks to 1 million tonnes, down 700,000 tonnes from August. Wheat production was also cut sharply to 29.835 million tonnes, with wheat ending stocks lowered to 3.6 million tonnes.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/34058-tightening-canola-stocks-projected-aafc-says-farmtario
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A much tighter Canadian canola carryout supports canola and canola meal prices, and lower Canadian wheat supplies reduce export availability for feed wheat buyers.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-05-21 | [AAFC raises canola carryout projections, wheat to tighten - Grainews](https://feedsoft.ai/events/30228-aafc-raises-canola-carryout-projections-wheat-to-tighten-grainews.md) | -7.2% | -10.5% |
| WHEAT | 2018-09-06 | [Large Canadian canola ending stocks expected - AgCanada](https://feedsoft.ai/events/63009-large-canadian-canola-ending-stocks-expected-agcanada.md) | +0.0% | -3.8% |
| WHEAT | 2023-03-08 | [Report snapshot: higher U.S. and global corn ending stocks - Pro Farmer](https://feedsoft.ai/events/36816-report-snapshot-higher-u-s-and-global-corn-ending-stocks-pro-farmer.md) | -0.9% | -4.6% |
| WHEAT | 2023-05-15 | [USDA Ending Stocks Reveal Record Projections for Corn and Soybeans - ProAg](https://feedsoft.ai/events/35890-usda-ending-stocks-reveal-record-projections-for-corn-and-soybeans-proag.md) | -1.6% | -7.1% |
| WHEAT | 2023-07-21 | [AAFC lowers Canadian wheat ending stocks estimates - AgCanada](https://feedsoft.ai/events/35096-aafc-lowers-canadian-wheat-ending-stocks-estimates-agcanada.md) | -0.9% | -1.5% |

## Sources

- farmtario.com: https://farmtario.com/daily/tightening-canola-stocks-projected-aafc-says/
- grainews.ca: https://www.grainews.ca/daily/tightening-canola-stocks-projected-aafc-says/

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