# Could a drop in Canadian canola area support rapeseed prices? Grain market daily | AHDB

> Canadian farmers planted 4.7% less canola in 2022 than last year, with the StatsCan report putting plantings at 8.7 million hectares, slightly above trade estimates. Paris rapeseed November futures fell to €663.75 per tonne amid recession concerns.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/40595-could-a-drop-in-canadian-canola-area-support-rapeseed-prices-grain-market-daily
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Canadian canola area tightens the global rapeseed balance and supports rapeseed and canola meal prices, though the reduction was largely priced in. Buyers should watch yield outcomes ahead of harvest.

## Read by commodity

- SBO: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-10-20 | [Market Update for Rapeseed & Canola 20th of October 2025](https://feedsoft.ai/events/22514-market-update-for-rapeseed-and-canola-20th-of-october-2025.md) | +0.2% | -1.4% |
| SBO | 2025-01-20 | [Market Update for Rapeseed & Canola 20th of January 2025](https://feedsoft.ai/events/26602-market-update-for-rapeseed-and-canola-20th-of-january-2025.md) | +0.7% | +3.1% |
| SBO | 2018-08-31 | [StatsCan's canola forecast deemed supportive - Grainews](https://feedsoft.ai/events/63632-statscan-s-canola-forecast-deemed-supportive-grainews.md) | -1.2% | +1.4% |
| SBO | 2019-09-27 | [Canada's canola crush down slightly in August - Grainews](https://feedsoft.ai/events/57170-canada-s-canola-crush-down-slightly-in-august-grainews.md) | +2.7% | +8.0% |
| SBO | 2022-04-11 | [Canadian oilseeds output projected to rebound \| World Grain](https://feedsoft.ai/events/41790-canadian-oilseeds-output-projected-to-rebound-world-grain.md) | +0.2% | +0.9% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/could-a-drop-in-canadian-canola-area-support-rapeseed-prices-grain-market-daily

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