# AAFC lowers Canadian wheat ending stocks estimates - AgCanada

> AAFC cut Canadian wheat ending stocks for 2022/23 to 3.54 million tonnes and for 2023/24 to 5.1 million tonnes. It also cut 2023/24 oat ending stocks to 450,000 tonnes after lowering oat production to 2.816 million tonnes.

- Date: 2023-07-21 · published 2023-07-21T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/35096-aafc-lowers-canadian-wheat-ending-stocks-estimates-agcanada
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tighter Canadian wheat and oat carryout reduces exportable supply and supports feed grain prices in the coming year.

## Read by commodity

- OATS: bullish ▲
- WHEAT: bullish ▲
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2019-02-25 | [A Look at AAFC's February Ending Stocks Estimates](https://feedsoft.ai/events/60650-a-look-at-aafc-s-february-ending-stocks-estimates.md) | -6.6% | +2.8% |
| OATS | 2025-05-26 | [North American Oat Ending Stocks Flirting with Record Low Levels](https://feedsoft.ai/events/24712-north-american-oat-ending-stocks-flirting-with-record-low-levels.md) | +7.1% | +2.5% |
| OATS | 2023-08-29 | [Canada Know-Risk Market Outlook \| Stats Canada Lowers Wheat, Canola, Barley & Oats Production](https://feedsoft.ai/events/34644-canada-know-risk-market-outlook-stats-canada-lowers-wheat-canola-barley-and.md) | -3.7% | -10.3% |
| OATS | 2023-05-16 | [Another large wheat crop expected in Canada](https://feedsoft.ai/events/35998-another-large-wheat-crop-expected-in-canada.md) | -7.7% | +10.6% |
| OATS | 2023-06-28 | [Canadian wheat plantings reach recent high \| World Grain](https://feedsoft.ai/events/35539-canadian-wheat-plantings-reach-recent-high-world-grain.md) | +4.5% | +10.9% |
| 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 | 2021-01-12 | [WASDE Lowers Corn/Soy Ending Stocks Again - AgWeb](https://feedsoft.ai/events/49087-wasde-lowers-corn-soy-ending-stocks-again-agweb.md) | +2.3% | -3.8% |
| WHEAT | 2025-06-12 | [USDA Lowers Old and New Crop U.S. Corn Ending Stocks](https://feedsoft.ai/events/24165-usda-lowers-old-and-new-crop-u-s-corn-ending-stocks.md) | +1.3% | -2.3% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/aafc-lowers-canadian-wheat-ending-stocks-estimates

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