# Baystreet.ca - Canadian Farmers Expected To Plant A Record Canola Crop In 2018

> Canadian farmers are expected to plant a record canola crop of about 24 million acres in 2018, citing the U.S.-China trade spat and higher prices. Canola acres have surpassed wheat and futures reached an eight-month high in March.

- Date: 2018-04-11 · published 2018-04-11T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/65475-baystreet-ca-canadian-farmers-expected-to-plant-a-record-canola-crop-in-2018
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A record Canadian canola crop adds future supply of canola meal and oil, which may cap gains even as Chinese demand shifts toward Canadian oilseeds.

## Read by commodity

- SOY: bearish ▼
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-12 | [FAO: Record cereal harvests expected for South America in 2019](https://feedsoft.ai/events/59012-fao-record-cereal-harvests-expected-for-south-america-in-2019.md) | +3.1% | +7.7% |
| SOY | 2024-08-13 | [Mato Grosso Prepares to Plant Record Soybean Crop \| CZ app](https://feedsoft.ai/events/13556-mato-grosso-prepares-to-plant-record-soybean-crop-cz-app.md) | -5.5% | -3.4% |
| SOY | 2022-08-12 | [PF Report Reaction: Record soybean crop estimate pushed new-crop ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/39962-pf-report-reaction-record-soybean-crop-estimate-pushed-new-crop-ending-stocks.md) | -12.5% | -12.9% |
| SOY | 2020-08-12 | [USDA Expects Record Corn Crop](https://feedsoft.ai/events/51548-usda-expects-record-corn-crop.md) | +3.9% | +11.6% |
| SOY | 2022-04-14 | [Aquafeed.com \|
   

   
    Soy prices rise, U.S. to plant record crops](https://feedsoft.ai/events/41879-aquafeed-com-soy-prices-rise-u-s-to-plant-record-crops.md) | +4.3% | -0.9% |

## Sources

- baystreet.ca: https://www.baystreet.ca/commodities/1849/canadian-farmers-expected-to-plant-a-record-canola-crop-in-2018

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