# Canada cuts crop price hopes, citing hopes of 'significantly' better harvest - Grain Price News

> Agriculture and Agri-Food Canada cut its 2022-23 crop price forecasts, lowering canola to C$900/t and durum to C$450/t, and reduced feed barley and oat prices. The cuts reflect expectations of a strong recovery in yields across the Prairies after last year's drought.

- Date: 2022-08-23 · published 2022-08-23T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/40144-canada-cuts-crop-price-hopes-citing-hopes-of-significantly-better-harvest-grain
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Oats](https://feedsoft.ai/c/OATS.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Expected larger Canadian crops and lower price forecasts point to softer feed grain and oilseed values through the 2022-23 marketing year.

## Read by commodity

- OATS: bearish ▼
- BARLEY: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 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 | 2025-07-17 | [Canada’s oat crop looks promising \| The Western Producer](https://feedsoft.ai/events/23816-canada-s-oat-crop-looks-promising-the-western-producer.md) | -5.4% | -10.9% |
| 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% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/08/23/canada-cuts-crop-price-hopes-citing-hopes-of-significantly-better-harvest/

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