# AAFC raises wheat, canola production estimates | Farmtario

> Agriculture and Agri-Food Canada raised its 2022-23 Canadian wheat production forecast to 33.7 million tonnes and canola production to 18.4 million tonnes. Canola ending stocks were cut slightly to 450,000 tonnes on higher exports and domestic use.

- Date: 2022-07-22 · published 2022-07-22T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/40451-aafc-raises-wheat-canola-production-estimates-farmtario
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A larger Canadian wheat and canola crop adds supply to world markets, which is bearish for wheat and canola prices, though tighter canola carryout limits the downside.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-09-26 | [AAFC lowers wheat carryout estimate, raises canola - Grainews](https://feedsoft.ai/events/51101-aafc-lowers-wheat-carryout-estimate-raises-canola-grainews.md) | +6.7% | +11.4% |
| WHEAT | 2025-09-30 | [Wheat Falling as USDA Raises Production](https://feedsoft.ai/events/22925-wheat-falling-as-usda-raises-production.md) | +0.4% | +5.9% |
| WHEAT | 2017-09-13 | [France raises again its forecast for soft wheat production](https://feedsoft.ai/events/68911-france-raises-again-its-forecast-for-soft-wheat-production.md) | +0.7% | +4.1% |
| WHEAT | 2024-12-06 | [ABARES lifts wheat, canola estimates, trims barley](https://feedsoft.ai/events/26921-abares-lifts-wheat-canola-estimates-trims-barley.md) | +0.7% | +0.4% |
| WHEAT | 2023-03-06 | [ABARES ups estimates for record wheat, canola crops - Grain Central](https://feedsoft.ai/events/36762-abares-ups-estimates-for-record-wheat-canola-crops-grain-central.md) | -2.2% | +4.8% |

## Sources

- farmtario.com: https://farmtario.com/daily/aafc-raises-wheat-canola-production-estimates/

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