# Officials cut Canada crop price hopes, on 'dramatic' production rise - Grain Price News

> Agriculture and Agri-Food Canada cut its 2022-23 price forecasts after Statistics Canada data showed larger crop harvests than expected. Durum and spring wheat prices were lowered, oat prices were slashed by Can$75 to Can$360/t, and canola was reduced by Can$35 to Can$865/t.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/39641-officials-cut-canada-crop-price-hopes-on-dramatic-production-rise-grain-price
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Oats](https://feedsoft.ai/c/OATS.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Bigger Canadian supplies rebuild wheat stocks and add oat and canola availability, pressuring prices for these feed-relevant grains and oilseed meal. The downgrades confirm a North American supply rebound.

## Read by commodity

- OATS: bearish ▼
- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-09 | [EU on track for new-crop production boost - Grain Central](https://feedsoft.ai/events/35920-eu-on-track-for-new-crop-production-boost-grain-central.md) | -0.5% | -7.7% |
| WHEAT | 2022-12-06 | [Production rebound in Canada sees exports bounce - Grain Central](https://feedsoft.ai/events/38194-production-rebound-in-canada-sees-exports-bounce-grain-central.md) | +9.9% | +9.2% |
| WHEAT | 2025-12-05 | [Record Canadian crop weigh on rapeseed prices: Grain market daily \| AHDB](https://feedsoft.ai/events/21605-record-canadian-crop-weigh-on-rapeseed-prices-grain-market-daily-ahdb.md) | -1.6% | -1.1% |
| WHEAT | 2026-03-02 | [Australia’s winter crop production revised higher \| World Grain](https://feedsoft.ai/events/20123-australia-s-winter-crop-production-revised-higher-world-grain.md) | +1.6% | +0.1% |
| WHEAT | 2017-02-14 | [Australia's winter grain crop officially a record at 59 million tonnes - ABC News](https://feedsoft.ai/events/72461-australia-s-winter-grain-crop-officially-a-record-at-59-million-tonnes-abc-news.md) | -0.8% | -1.2% |
| 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 | 2022-12-02 | [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) | -11.9% | -3.0% |
| OATS | 2023-09-12 | [StatCan expected to raise estimate for oats production - Grainews](https://feedsoft.ai/events/34164-statcan-expected-to-raise-estimate-for-oats-production-grainews.md) | -3.4% | -10.5% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/09/26/officials-cut-canada-crop-price-hopes-on-dramatic-production-rise/

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