# AAFC's December Balance Sheet Revisions

> AAFC's December supply and demand tables were revised to reflect Statistics Canada's latest production estimates, cutting total principal field crop production by 1.477 million tonnes. Ending stocks of principal crops were revised 270,000 tonnes lower to 12 million tonnes, still up 24% year on year, and wheat exports were raised to 18.9 million tonnes.

- Date: 2022-12-19 · published 2022-12-19T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/38192-aafc-s-december-balance-sheet-revisions
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower Canadian production and stocks, combined with higher wheat exports, tighten the export balance and modestly support wheat prices.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-05-20 | [Global Wheat Outlook & WASDE Balance Sheet](https://feedsoft.ai/events/19239-global-wheat-outlook-and-wasde-balance-sheet.md) | -1.5% | -1.6% |
| WHEAT | 2024-10-24 | [Tighter wheat and barley balance sheets in 2024/25: Grain market daily \| AHDB](https://feedsoft.ai/events/27936-tighter-wheat-and-barley-balance-sheets-in-2024-25-grain-market-daily-ahdb.md) | +0.3% | -1.4% |
| WHEAT | 2022-12-12 | [U.S. corn stocks rise in December WASDE](https://feedsoft.ai/events/38187-u-s-corn-stocks-rise-in-december-wasde.md) | +10.5% | +5.6% |
| WHEAT | 2025-06-17 | [New balance sheets project lower corn, wheat stocks – AgriNews](https://feedsoft.ai/events/24176-new-balance-sheets-project-lower-corn-wheat-stocks-agrinews.md) | -1.4% | -4.0% |
| WHEAT | 2022-12-09 | [Key data in USDA's December 9 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/38184-key-data-in-usda-s-december-9-wasde-report-and-difference-from-market.md) | +10.3% | +8.2% |
| KWHEAT | 2023-04-12 | [USDA Reports Confirm the Tight U.S. Wheat Balance Sheet](https://feedsoft.ai/events/36446-usda-reports-confirm-the-tight-u-s-wheat-balance-sheet.md) | +1.5% | +4.4% |
| KWHEAT | 2026-05-20 | [Global Wheat Outlook & WASDE Balance Sheet](https://feedsoft.ai/events/19239-global-wheat-outlook-and-wasde-balance-sheet.md) | -4.8% | -7.3% |
| KWHEAT | 2026-05-20 | [USDA releases first cut of the 2026/27 global wheat balance sheet… - Grain Brokers Australia](https://feedsoft.ai/events/19238-usda-releases-first-cut-of-the-2026-27-global-wheat-balance-sheet-grain-brokers.md) | -4.8% | -7.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2022/12/19/aafcs-december-balance-sheet

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