# Canadian farmers to reduce canola plantings by seven per cent - AgCanada

> Statistics Canada reports farmers intend to plant 7% less canola in 2019, about 21.3 million acres, below the analysts' average estimate of 21.8 million. Canola futures touched a four-year low the day before the report, and the China dispute is cited as hampering demand.

- Date: 2019-04-24 · published 2019-04-24T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/59691-canadian-farmers-to-reduce-canola-plantings-by-seven-per-cent-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Smaller acreage is a supply offset, but the reduction was less than expected, so the near-term price effect is limited while weak Chinese demand stays bearish.

## Read by commodity

- CANMEAL: neutral

## Sources

- agcanada.com: https://www.agcanada.com/daily/canadian-farmers-to-reduce-canola-plantings-by-seven-per-cent

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