# Canada Know-Risk Market Outlook | WASDE Within Expectations

> StoneX's Canadian outlook said the August WASDE was supportive for spring wheat, corn and soybeans but slightly bearish for winter wheat. USDA cut corn and soybean yields and demand, leaving ending stocks largely unchanged. USDA's Canadian canola estimate of 19 MMT was above the market's expected 18 MMT or lower.

- Date: 2023-08-11 · published 2023-08-11T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34515-canada-know-risk-market-outlook-wasde-within-expectations
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A larger-than-expected Canadian canola crop adds to oilseed supply and pressures canola meal prices. Analysts expect grain and oilseed prices to remain under pressure through late August.

## Read by commodity

- WHEAT: neutral
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-10-11 | [Canada Know-Risk Market Outlook \| WASDE Neutral for Grain and Oilseeds](https://feedsoft.ai/events/27807-canada-know-risk-market-outlook-wasde-neutral-for-grain-and-oilseeds.md) | -0.5% | -1.5% |
| 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% |
| WHEAT | 2023-06-11 | [Key data in USDA's June 9 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35445-key-data-in-usda-s-june-9-wasde-report-and-difference-from-market-expectations.md) | +1.1% | +0.2% |
| WHEAT | 2023-02-08 | [Key data in USDA's February 8 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/37260-key-data-in-usda-s-february-8-wasde-report-and-difference-from-market.md) | -1.9% | -8.1% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/canada-know-risk-market-outlook-wasde-within-expectations/

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