# Canada lifts canola, durum, wheat price forecasts, amid hopes for export revivals - Grain Price News

> Agriculture and Food Canada raised its 2022-23 forecast for average canola prices by Can$30 to Can$910 per tonne, and non-durum wheat by Can$15 to Can$420 per tonne. The agency also raised its wheat export forecast by 200,000 tonnes to 18.5 million tonnes.

- Date: 2022-11-21 · published 2022-11-21T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/38787-canada-lifts-canola-durum-wheat-price-forecasts-amid-hopes-for-export-revivals
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Higher Canadian export expectations support global wheat and canola prices, though logistics must still keep up with the forecast. Canada's wheat exports through November 13 were up 48%.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-06-01 | [ABARES forecasts hefty drops for wheat, barley, canola - Grain Central](https://feedsoft.ai/events/18770-abares-forecasts-hefty-drops-for-wheat-barley-canola-grain-central.md) | -2.6% | -0.3% |
| WHEAT | 2022-09-30 | [Key data in USDA stocks and wheat harvest reports, and difference from market forecasts - Grain Price News](https://feedsoft.ai/events/39554-key-data-in-usda-stocks-and-wheat-harvest-reports-and-difference-from-market.md) | +0.4% | -10.7% |
| WHEAT | 2022-12-02 | [Canada downgrades canola harvest, but lifts oats output to 51-year high - Grain Price News](https://feedsoft.ai/events/38290-canada-downgrades-canola-harvest-but-lifts-oats-output-to-51-year-high-grain.md) | -9.7% | -1.7% |
| WHEAT | 2021-07-30 | [A new decline in crop forecasts for the US, Canada and Russia continued to raise wheat prices](https://feedsoft.ai/events/46103-a-new-decline-in-crop-forecasts-for-the-us-canada-and-russia-continued-to-raise.md) | +1.6% | +2.4% |
| KWHEAT | 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) | -2.5% | -1.5% |
| KWHEAT | 2022-09-30 | [Key data in USDA stocks and wheat harvest reports, and difference from market forecasts - Grain Price News](https://feedsoft.ai/events/39554-key-data-in-usda-stocks-and-wheat-harvest-reports-and-difference-from-market.md) | -0.2% | -3.6% |
| KWHEAT | 2021-07-30 | [A new decline in crop forecasts for the US, Canada and Russia continued to raise wheat prices](https://feedsoft.ai/events/46103-a-new-decline-in-crop-forecasts-for-the-us-canada-and-russia-continued-to-raise.md) | +2.5% | +6.1% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/11/21/canada-lifts-canola-durum-wheat-price-forecasts-amid-hopes-for-export-revivals/

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