# AAFC lowers wheat carryout estimate, raises canola - Grainews

> Grain Central reports Statistics Canada's first 2020-21 estimates show wheat output up 10.5% to 35.74 million tonnes, the second-largest crop on record, with barley at 10.55 million tonnes and oats up 6.1% to 4.5 million tonnes. Canola and soybean output are forecast to fall, while corn is expected to increase.

- Date: 2020-09-26 · published 2020-09-26T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/51101-aafc-lowers-wheat-carryout-estimate-raises-canola-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Oats](https://feedsoft.ai/c/OATS.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A large Canadian wheat, barley and oats crop adds export supply and pressures global feed grain prices, while lower canola and soybean output supports oilseed meal prices.

## Read by commodity

- CORN: bearish ▼
- OATS: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-07-22 | [AAFC raises wheat, canola production estimates \| Farmtario](https://feedsoft.ai/events/40451-aafc-raises-wheat-canola-production-estimates-farmtario.md) | -10.2% | -1.7% |
| WHEAT | 2022-09-05 | [ABARES lifts wheat, barley, canola estimates - Grain Central](https://feedsoft.ai/events/39533-abares-lifts-wheat-barley-canola-estimates-grain-central.md) | -0.5% | +4.5% |
| WHEAT | 2024-03-04 | [ABARES lifts wheat, canola estimates, trims barley - Grain Central](https://feedsoft.ai/events/31171-abares-lifts-wheat-canola-estimates-trims-barley-grain-central.md) | +7.2% | -0.4% |
| WHEAT | 2024-12-02 | [ABARES lifts wheat, canola estimates, trims barley - Grain Central](https://feedsoft.ai/events/26915-abares-lifts-wheat-canola-estimates-trims-barley-grain-central.md) | +0.2% | +2.6% |
| WHEAT | 2023-03-06 | [ABARES ups estimates for record wheat, canola crops - Grain Central](https://feedsoft.ai/events/36762-abares-ups-estimates-for-record-wheat-canola-crops-grain-central.md) | -2.2% | +4.8% |
| OATS | 2023-09-12 | [StatCan expected to raise estimate for oats production - Grainews](https://feedsoft.ai/events/34164-statcan-expected-to-raise-estimate-for-oats-production-grainews.md) | -3.4% | -10.5% |
| OATS | 2022-12-02 | [Canada downgrades canola harvest, but lifts oats output to 51-year high - Grain Price News](https://feedsoft.ai/events/38290-canada-downgrades-canola-harvest-but-lifts-oats-output-to-51-year-high-grain.md) | -11.9% | -3.0% |
| OATS | 2026-02-13 | [GIWA estimate for record crop settles on 27.35Mt - Grain Central](https://feedsoft.ai/events/20556-giwa-estimate-for-record-crop-settles-on-27-35mt-grain-central.md) | +6.8% | +17.6% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/aafc-lowers-wheat-carryout-estimate-raises-canola/

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