# Ag Canada raises canola carryout forecast

> Agriculture and Agri-Food Canada raised its 2018/19 canola ending stocks forecast by 550,000 tonnes to 2.25 million tonnes. It lowered 2018/19 wheat ending stocks by 300,000 tonnes to 5.8 million tonnes.

- Date: 2018-07-19 · published 2018-07-19T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/64129-ag-canada-raises-canola-carryout-forecast
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Bigger canola carryout points to ample supply and bearish canola pricing, while tighter wheat carryout supports wheat values for feed buyers.

## Read by commodity

- WHEAT: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-05-21 | [AAFC raises canola carryout projections, wheat to tighten - Grainews](https://feedsoft.ai/events/30228-aafc-raises-canola-carryout-projections-wheat-to-tighten-grainews.md) | -7.2% | -10.5% |
| WHEAT | 2023-05-18 | [IGC raises forecast for 2023/24 world corn crop](https://feedsoft.ai/events/7840-igc-raises-forecast-for-2023-24-world-corn-crop.md) | -1.2% | -6.5% |
| WHEAT | 2018-08-31 | [StatsCan's canola forecast deemed supportive - Grainews](https://feedsoft.ai/events/63632-statscan-s-canola-forecast-deemed-supportive-grainews.md) | +4.7% | -1.4% |
| 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 | 2026-06-01 | [ABARES forecasts hefty drops for wheat, barley, canola - Grain Central](https://feedsoft.ai/events/18770-abares-forecasts-hefty-drops-for-wheat-barley-canola-grain-central.md) | -2.6% | -0.3% |

## Sources

- producer.com: https://www.producer.com/markets/ag-canada-raises-canola-carryout-forecast/

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