# Grain market review: Oilseeds | World Grain

> Saskatchewan, the world's largest canola producer, faces another drought year, and some growers are shifting acres to cereals. Canola Council agronomist Ian Epp expects most producers to keep planting significant canola acreage despite the dry conditions.

- Date: 2023-08-22 · published 2023-08-22T12:00:00.000Z
- Category: weather · region Canada · magnitude low
- Page: https://feedsoft.ai/events/34692-grain-market-review-oilseeds-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower canola acreage in Saskatchewan could tighten future crush supplies, but the industry expects most growers to keep planting canola, so the effect on prices is limited.

## Read by commodity

- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-24 | [Grain market week in review - May 24, 2019](https://feedsoft.ai/events/10897-grain-market-week-in-review-may-24-2019.md) | +6.8% | +9.9% |
| SOY | 2019-03-15 | [Grain market week in review - March 15, 2019](https://feedsoft.ai/events/6538-grain-market-week-in-review-march-15-2019.md) | +2.4% | +0.6% |
| SOY | 2017-01-13 | [Week 2: Overview of the world veg-oil market \| Greenea](https://feedsoft.ai/events/73069-week-2-overview-of-the-world-veg-oil-market-greenea.md) | +3.4% | +2.6% |
| SOY | 2023-03-13 | [Turkey oilseed output forecast to decline \| World Grain](https://feedsoft.ai/events/36979-turkey-oilseed-output-forecast-to-decline-world-grain.md) | -2.4% | -1.7% |
| SOY | 2019-05-07 | [Morning Market Review for May 7, 2019 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/7492-morning-market-review-for-may-7-2019-highline-grain-growers-inc.md) | -3.2% | +7.9% |
| SBM | 2019-05-24 | [Grain market week in review - May 24, 2019](https://feedsoft.ai/events/10897-grain-market-week-in-review-may-24-2019.md) | +8.1% | +6.2% |
| SBM | 2017-01-13 | [Week 2: Overview of the world veg-oil market \| Greenea](https://feedsoft.ai/events/73069-week-2-overview-of-the-world-veg-oil-market-greenea.md) | +7.6% | +5.5% |
| SBM | 2021-12-31 | [Oilseeds at the turn of the year 2021-22 market report](https://feedsoft.ai/events/43685-oilseeds-at-the-turn-of-the-year-2021-22-market-report.md) | +3.9% | +0.4% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/18931-grain-market-review-oilseeds

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