# Current markets signalling farmers to sell canola and wheat  - SaskToday.ca

> DTN analyst Joel Karlin reports that Statistics Canada's December 3 update could show even lower wheat and canola output than USDA's November WASDE. USDA pegged Canadian rapeseed at 13.0 million mt, with yield 34.5% below trend, and wheat at 21 million tonnes, the lowest since 2007/08.

- Date: 2021-11-04 · published 2021-11-04T12:00:00.000Z
- Category: weather · region Canada · magnitude high
- Page: https://feedsoft.ai/events/44014-current-markets-signalling-farmers-to-sell-canola-and-wheat-sasktoday-ca
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Canadian wheat and canola shortfalls tighten North American supplies and have already lifted U.S. wheat prices, since Canada supplies much of U.S. wheat imports.

## Read by commodity

- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-07-31 | [Canola market dips to rally, heat stress hits wheat crops - AgCanada](https://feedsoft.ai/events/69929-canola-market-dips-to-rally-heat-stress-hits-wheat-crops-agcanada.md) | +6.2% | -1.0% |
| WHEAT | 2021-04-16 | [Farming News - Wheat and OSR market update](https://feedsoft.ai/events/9791-farming-news-wheat-and-osr-market-update.md) | +4.9% | +6.1% |
| WHEAT | 2019-11-27 | [Falling numbers hit wheat farmers hard \| AP News](https://feedsoft.ai/events/56112-falling-numbers-hit-wheat-farmers-hard-ap-news.md) | -0.1% | -1.6% |
| WHEAT | 2018-09-21 | [Farming News - Weekly snapshot of the wheat & OSR markets](https://feedsoft.ai/events/63133-farming-news-weekly-snapshot-of-the-wheat-and-osr-markets.md) | -0.1% | +7.7% |
| WHEAT | 2018-04-27 | [Farming News - Weather impacting on the Wheat Markets](https://feedsoft.ai/events/11223-farming-news-weather-impacting-on-the-wheat-markets.md) | +3.6% | +2.9% |

## Sources

- sasktoday.ca: https://www.sasktoday.ca/central/agriculture/current-markets-signalling-farmers-to-sell-canola-and-wheat-4723645

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