# Canada Farmers Seen Defying Oilseed Rally, Slashing Canola Acres - Bloomberg

> Bloomberg's survey of analysts expects Canadian farmers to plant about 2.7% fewer acres this year, roughly 21.9 million, the largest drop since 2019. Canola futures are near all-time highs on strong demand and disrupted Black Sea trade flows.

- Date: 2022-04-21 · published 2022-04-21T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/41791-canada-farmers-seen-defying-oilseed-rally-slashing-canola-acres-bloomberg
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Smaller expected canola plantings point to tighter future supply and support canola meal and oil prices, though a bigger acreage drop would add to upward pressure.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-04-27 | [Canada's light canola acres deal another blow for snug vegoil market](https://feedsoft.ai/events/41789-canada-s-light-canola-acres-deal-another-blow-for-snug-vegoil-market.md) | -2.8% | -5.6% |
| SBO | 2021-10-21 | [Argentina’s oilseed crushing rate forecast to drop](https://feedsoft.ai/events/44400-argentina-s-oilseed-crushing-rate-forecast-to-drop.md) | -1.1% | -6.0% |
| SBO | 2020-10-02 | [Farming News - ADM Agriculture Oilseed Rape Market Report](https://feedsoft.ai/events/50747-farming-news-adm-agriculture-oilseed-rape-market-report.md) | +1.8% | +1.3% |
| SBO | 2020-04-07 | [China’s oilseed demand to rise as swine sector recovers – Asian Agribiz](https://feedsoft.ai/events/53633-china-s-oilseed-demand-to-rise-as-swine-sector-recovers-asian-agribiz.md) | -0.3% | -3.2% |
| SBO | 2021-11-12 | [Farming News - ADM OSR market report. Oilseeds values surged following surprisingly bullish USDA report](https://feedsoft.ai/events/7051-farming-news-adm-osr-market-report-oilseeds-values-surged-following.md) | -0.4% | -5.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-04-21/canada-farmers-seen-defying-oilseed-rally-slashing-canola-acres

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