# Ample Wheat Supplies May Get Another Boost From Canadian Farmers - Bloomberg

> Bloomberg reports Canadian non-durum wheat acres could rise as much as 7.3% in 2023 as growers shift away from oats and pulses. FarmLink estimates are cited against a prior-year base of 19.4 million acres. The article signals ample wheat supplies.

- Date: 2023-03-02 · published 2023-03-02T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/36915-ample-wheat-supplies-may-get-another-boost-from-canadian-farmers-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Higher Canadian wheat acreage at the expense of oats and pulses adds to ample global wheat supply, which is bearish for wheat and suggests reduced oat plantings.

## Read by commodity

- OATS: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-08-29 | [Canadian farmers seen reaping bumper wheat, canola, corn crops](https://feedsoft.ai/events/40003-canadian-farmers-seen-reaping-bumper-wheat-canola-corn-crops.md) | +0.5% | +4.4% |
| WHEAT | 2022-09-05 | [Australia Sees Massive Wheat Crop Boosting Export Earnings - Bloomberg](https://feedsoft.ai/events/39535-australia-sees-massive-wheat-crop-boosting-export-earnings-bloomberg.md) | -0.5% | +4.5% |
| WHEAT | 2026-10-28 | [Wheat and barley markets face pressure as global grain supplies rise \| The Scottish Farmer](https://feedsoft.ai/events/123-wheat-and-barley-markets-face-pressure-as-global-grain-supplies-rise-the.md) | +0.2% | — |
| WHEAT | 2022-06-08 | [Australian wheat, canola getting a boost \| World Grain](https://feedsoft.ai/events/40886-australian-wheat-canola-getting-a-boost-world-grain.md) | +1.2% | -8.0% |
| WHEAT | 2019-04-26 | [Size of Russian wheat crop takes toll on market - Farmers Weekly](https://feedsoft.ai/events/10961-size-of-russian-wheat-crop-takes-toll-on-market-farmers-weekly.md) | -3.9% | -0.9% |
| OATS | 2026-06-30 | [Canadian farmers seed record canola acres: StatCan](https://feedsoft.ai/events/18841-canadian-farmers-seed-record-canola-acres-statcan.md) | +11.3% | +24.2% |
| OATS | 2019-12-03 | [Oat market under pressure from high volumes - Farmers Weekly](https://feedsoft.ai/events/55648-oat-market-under-pressure-from-high-volumes-farmers-weekly.md) | -2.6% | -10.2% |
| OATS | 2025-08-28 | [Canada wheat, barley production down, canola and oats up, according to StatsCan survey \| MarketScreener](https://feedsoft.ai/events/23369-canada-wheat-barley-production-down-canola-and-oats-up-according-to-statscan.md) | -3.0% | +2.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-03-02/ample-wheat-supplies-may-get-another-boost-from-canadian-farmers

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