# Canadian oilseeds output to decline slightly | World Grain

> USDA's GAIN report forecasts Canada's 2023-24 oilseed output to decline slightly, with canola rising to 18.3 MMT and soybeans falling to 6.3 MMT. Total meal production is expected to drop 3%, while oilseed exports fall 1.5% as more canola goes to domestic crushers.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/36826-canadian-oilseeds-output-to-decline-slightly-world-grain
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower meal output alongside steady livestock protein demand supports meal prices, while reduced export volumes ease pressure on global canola supply.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-04-12 | [CoBank: Grain, oilseed prices continue to slide \| World Grain](https://feedsoft.ai/events/30865-cobank-grain-oilseed-prices-continue-to-slide-world-grain.md) | -2.2% | +2.9% |
| SOY | 2021-03-22 | [Canada’s oilseed production expected to increase 6%  \| World Grain](https://feedsoft.ai/events/48112-canada-s-oilseed-production-expected-to-increase-6-world-grain.md) | -1.1% | +2.4% |
| SOY | 2026-07-16 | [IGC sees grains output falling in 2026-27 \| World Grain](https://feedsoft.ai/events/9570-igc-sees-grains-output-falling-in-2026-27-world-grain.md) | +3.2% | -3.2% |
| SOY | 2021-05-13 | [Grain Journal \| USDA Oilseeds: World Markets and Trade (May 12):…](https://feedsoft.ai/events/47200-grain-journal-usda-oilseeds-world-markets-and-trade-may-12.md) | -7.4% | -7.0% |
| SOY | 2018-01-01 | [Grains and Oilseeds Outlook](https://feedsoft.ai/events/66848-grains-and-oilseeds-outlook.md) | +0.7% | +5.1% |
| SBM | 2024-04-12 | [CoBank: Grain, oilseed prices continue to slide \| World Grain](https://feedsoft.ai/events/30865-cobank-grain-oilseed-prices-continue-to-slide-world-grain.md) | +1.2% | +9.5% |
| SBM | 2021-05-13 | [Grain Journal \| USDA Oilseeds: World Markets and Trade (May 12):…](https://feedsoft.ai/events/47200-grain-journal-usda-oilseeds-world-markets-and-trade-may-12.md) | -9.3% | -13.4% |
| SBM | 2022-08-20 | [Oilseeds: World Markets and Trade \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/39999-oilseeds-world-markets-and-trade-global-oil-and-fats-business-online-gofbonline.md) | +4.8% | -4.0% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/18305-canadian-oilseeds-output-to-decline-slightly

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