# StatsCan's canola forecast deemed supportive - Grainews

> Statistics Canada pegged 2018-19 canola production at 19.2 million tonnes, below trade expectations and sharply down from 21.3 million last year, due to dryness and heat on the Prairies. Canadian all-wheat output came in at 28.9 million tonnes, on the low side of estimates.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/63632-statscan-s-canola-forecast-deemed-supportive-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller Canadian canola crop tightens seed and meal supply, supporting canola complex prices and raising feed protein costs.

## Read by commodity

- SBO: neutral
- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-09-27 | [Canada's canola crush down slightly in August - Grainews](https://feedsoft.ai/events/57170-canada-s-canola-crush-down-slightly-in-august-grainews.md) | +2.7% | +8.0% |
| SBO | 2022-07-06 | [Could a drop in Canadian canola area support rapeseed prices? Grain market daily \| AHDB](https://feedsoft.ai/events/40595-could-a-drop-in-canadian-canola-area-support-rapeseed-prices-grain-market-daily.md) | -0.8% | +0.5% |
| SBO | 2026-07-01 | [USDA NASS Fats and Oils Report for May 2026: Soybean, Canola, and Animal Fat Trends - News and Statistics - IndexBox](https://feedsoft.ai/events/18471-usda-nass-fats-and-oils-report-for-may-2026-soybean-canola-and-animal-fat.md) | +4.4% | +2.3% |
| SBO | 2018-03-14 | [Argentina soybean production forecast down 13% \| World-grain.com \| March 14, 2018 19:51 \| World Grain](https://feedsoft.ai/events/65848-argentina-soybean-production-forecast-down-13-world-grain-com-march-14-2018-19.md) | -0.9% | -1.5% |
| SBO | 2021-04-16 | [Soy Crush Up; Short of Record \| Feed & Grain](https://feedsoft.ai/events/47431-soy-crush-up-short-of-record-feed-and-grain.md) | +9.2% | +17.8% |
| WHEAT | 2024-12-27 | [StatCan issues crush, delivery reports - Grainews](https://feedsoft.ai/events/27063-statcan-issues-crush-delivery-reports-grainews.md) | -0.4% | -2.0% |
| WHEAT | 2022-11-21 | [Canada lifts canola, durum, wheat price forecasts, amid hopes for export revivals - Grain Price News](https://feedsoft.ai/events/38787-canada-lifts-canola-durum-wheat-price-forecasts-amid-hopes-for-export-revivals.md) | +0.2% | -2.4% |
| WHEAT | 2018-07-19 | [Ag Canada raises canola carryout forecast](https://feedsoft.ai/events/64129-ag-canada-raises-canola-carryout-forecast.md) | +3.7% | +2.1% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/statscans-canola-forecast-deemed-supportive/

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