# Canada downgrades canola harvest, but lifts oats output to 51-year high - Grain Price News

> Statistics Canada cut its canola harvest estimate to 18.17 million tonnes, below the earlier figure and below market expectations of 19.2 million. It also lifted oat output to a 51-year high, while wheat production was trimmed to 33.82 million tonnes.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/38290-canada-downgrades-canola-harvest-but-lifts-oats-output-to-51-year-high-grain
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Oats](https://feedsoft.ai/c/OATS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller canola crop supports oilseed meal values, while the larger oat crop pressures oat prices and the wheat cut adds modest support to grain markets.

## Read by commodity

- OATS: bearish ▼
- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| OATS | 2022-12-14 | 5 | +21.9% | 3.2 | Statistics Canada raised oat output to a 51-year high, a bearish supply signal for the main exporter to the US, though it came on Dec 2 and the move direction (+21.93%) is unclear, so the link is uncertain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2022-08-23 | [Canada cuts crop price hopes, citing hopes of 'significantly' better harvest - Grain Price News](https://feedsoft.ai/events/40144-canada-cuts-crop-price-hopes-citing-hopes-of-significantly-better-harvest-grain.md) | +0.8% | +0.1% |
| OATS | 2022-09-26 | [Officials cut Canada crop price hopes, on 'dramatic' production rise - Grain Price News](https://feedsoft.ai/events/39641-officials-cut-canada-crop-price-hopes-on-dramatic-production-rise-grain-price.md) | -1.3% | -4.7% |
| OATS | 2026-01-19 | [Big oat crop in 2025/26 pointing to less acres next year - Grainews](https://feedsoft.ai/events/21127-big-oat-crop-in-2025-26-pointing-to-less-acres-next-year-grainews.md) | -0.9% | +3.4% |
| 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% |
| OATS | 2020-12-03 | [Second largest harvest on record sees grain prices fall \| Meat & Livestock Australia](https://feedsoft.ai/events/49629-second-largest-harvest-on-record-sees-grain-prices-fall-meat-and-livestock.md) | +13.6% | +22.5% |
| WHEAT | 2022-10-24 | [Canada lifts grain price forecasts, as it upgrades wheat export hopes - Grain Price News](https://feedsoft.ai/events/39181-canada-lifts-grain-price-forecasts-as-it-upgrades-wheat-export-hopes-grain.md) | -0.6% | +1.5% |
| WHEAT | 2022-11-21 | [Canada lifts canola, durum, wheat price forecasts, amid hopes for export revivals - Grain Price News](https://feedsoft.ai/events/38787-canada-lifts-canola-durum-wheat-price-forecasts-amid-hopes-for-export-revivals.md) | +0.2% | -2.4% |
| WHEAT | 2017-09-13 | [National grain harvest 40 per cent down on last year, according to ABARES quarterly Crop Report - ABC News](https://feedsoft.ai/events/68912-national-grain-harvest-40-per-cent-down-on-last-year-according-to-abares.md) | +0.7% | +4.1% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/12/02/canada-downgrades-canola-harvest-but-lifts-oats-output-to-51-year-high/

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