# ICE weekly outlook: Rising canola market watches harvest - Country Guide

> Agriculture and Agri-Food Canada cut its 2020-21 all-wheat ending stocks forecast to 5.9 million tonnes from 6.7 million in August, and durum stocks to 700,000 tonnes from 1.2 million. It raised canola ending stocks to 2.2 million tonnes, up about 650,000 tonnes from August, reflecting higher production and carry-in.

- Date: 2020-09-03 · published 2020-09-03T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/51100-ice-weekly-outlook-rising-canola-market-watches-harvest-country-guide
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tighter Canadian wheat carryout supports wheat prices, while larger canola stocks add supply to the canola meal complex, which is bearish for canola meal values.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-01-14 | [ICE weekly outlook: WASDE spillover boosts canola - AgCanada](https://feedsoft.ai/events/49257-ice-weekly-outlook-wasde-spillover-boosts-canola-agcanada.md) | +1.4% | -5.0% |
| WHEAT | 2023-08-29 | [Canada Know-Risk Market Outlook \| Stats Canada Lowers Wheat, Canola, Barley & Oats Production](https://feedsoft.ai/events/34644-canada-know-risk-market-outlook-stats-canada-lowers-wheat-canola-barley-and.md) | -0.5% | +0.9% |
| WHEAT | 2020-12-10 | [CBOT weekly outlook: Some surprises in USDA's WASDE - AgCanada](https://feedsoft.ai/events/49579-cbot-weekly-outlook-some-surprises-in-usda-s-wasde-agcanada.md) | -1.5% | +4.0% |
| WHEAT | 2024-11-21 | [IGC Cuts Global Wheat Crop Outlook Amid EU Harvest Woes \| Global Banking & Finance Review](https://feedsoft.ai/events/27358-igc-cuts-global-wheat-crop-outlook-amid-eu-harvest-woes-global-banking-and.md) | -0.2% | +0.0% |
| WHEAT | 2026-04-27 | [Global fertiliser outlook – how countries are weathering the crisis - Agriland.ie](https://feedsoft.ai/events/7258-global-fertiliser-outlook-and-8211-how-countries-are-weathering-the-crisis.md) | +0.4% | +1.5% |
| KWHEAT | 2018-08-27 | [Wheat Market Outlook – August 27th, 2018 \| Sask Wheat](https://feedsoft.ai/events/63572-wheat-market-outlook-august-27th-2018-sask-wheat.md) | +0.7% | +1.9% |
| KWHEAT | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | +1.2% | +6.9% |
| KWHEAT | 2024-04-29 | [Wheat Market Outlook – April 29, 2024 \| Sask Wheat](https://feedsoft.ai/events/30780-wheat-market-outlook-april-29-2024-sask-wheat.md) | +2.1% | +11.6% |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/ice-weekly-outlook-rising-canola-market-watches-harvest/

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