# ‘A lot of positives:’ Western farmers wrap up harvest early, look to improved prices | rdnewsnow.com

> Western Canadian farmers finished harvest early in 2020 after a warm, dry autumn. Statistics Canada forecasts wheat output up about 6% to roughly 34 million tonnes and canola just under the five-year average at 19 million tonnes.

- Date: 2020-10-03 · published 2020-10-03T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/50618-a-lot-of-positives-western-farmers-wrap-up-harvest-early-look-to-improved
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A larger Canadian wheat crop and early harvest add supply that may cap wheat prices, though farmers are holding for better prices.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-12-19 | [EU grains harvest in 2023 to recover nearly all lost ground, despite early test from cold - Grain Price News](https://feedsoft.ai/events/38167-eu-grains-harvest-in-2023-to-recover-nearly-all-lost-ground-despite-early-test.md) | -1.5% | -5.0% |
| WHEAT | 2024-05-17 | [Forecasts of a good wheat harvest in the US and the EU continue to lower stock prices](https://feedsoft.ai/events/10908-forecasts-of-a-good-wheat-harvest-in-the-us-and-the-eu-continue-to-lower-stock.md) | +19.4% | +8.4% |
| WHEAT | 2017-12-19 | [Farmers ramp up harvest activity \| VIC](https://feedsoft.ai/events/67433-farmers-ramp-up-harvest-activity-vic.md) | +0.5% | +0.8% |
| WHEAT | 2020-07-16 | [Australian farmers prepare to harvest large wheat crop](https://feedsoft.ai/events/52069-australian-farmers-prepare-to-harvest-large-wheat-crop.md) | -0.0% | -2.6% |
| WHEAT | 2025-04-29 | [Wheat prices are under pressure from improved weather conditions for the new crop](https://feedsoft.ai/events/25156-wheat-prices-are-under-pressure-from-improved-weather-conditions-for-the-new.md) | +2.1% | -2.8% |

## Sources

- rdnewsnow.com: https://rdnewsnow.com/2020/10/03/a-lot-of-positives-western-farmers-wrap-up-harvest-early-look-to-improved-prices/

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