# Tighter StatsCan canola crop won't affect market, analysts say - AgCanada

> Statistics Canada cut its final 2018 canola production estimate to 20.343 million tonnes, down 656,000 tonnes from September, and raised its all-wheat estimate to 31.769 million tonnes. Analysts said the canola revision was only mildly supportive and the Canadian dollar move mattered more.

- Date: 2018-12-06 · published 2018-12-06T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/61673-tighter-statscan-canola-crop-won-t-affect-market-analysts-say-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller Canadian canola crop tightens supply somewhat, but analysts expect limited price impact, while higher wheat output adds to wheat supply.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-07-26 | [Prairie crop tour sees slightly bigger wheat, canola yields - AgCanada](https://feedsoft.ai/events/64128-prairie-crop-tour-sees-slightly-bigger-wheat-canola-yields-agcanada.md) | -1.5% | -1.7% |
| WHEAT | 2024-03-20 | [Tightening canola ending stocks for 2024/25: AAFC - MarketsFarm](https://feedsoft.ai/events/31316-tightening-canola-ending-stocks-for-2024-25-aafc-marketsfarm.md) | +0.5% | +2.1% |
| WHEAT | 2017-09-06 | [Traders look to new crop following StatsCan stocks estimates - AgCanada](https://feedsoft.ai/events/68934-traders-look-to-new-crop-following-statscan-stocks-estimates-agcanada.md) | +2.3% | +1.9% |
| WHEAT | 2017-12-06 | [Canada feeds larger Canola and grain crops than](https://feedsoft.ai/events/67575-canada-feeds-larger-canola-and-grain-crops-than.md) | -4.5% | -1.8% |
| WHEAT | 2017-12-07 | [U.S. grains: StatsCan data help drag wheat to contract lows - AgCanada](https://feedsoft.ai/events/11622-u-s-grains-statscan-data-help-drag-wheat-to-contract-lows-agcanada.md) | -4.0% | -1.3% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/tighter-statscan-canola-crop-wont-affect-market-analysts-say

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