# Canada feeds larger Canola and grain crops than

> Statistics Canada reported a Canadian canola crop of 21.3 million tonnes, a record and 8% above the September estimate. The wheat crop was estimated at 30 million tonnes, 5.5% below last year but above trade expectations. Canola prices eased about 0.5% after the report.

- Date: 2017-12-06 · published 2017-12-06T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/67575-canada-feeds-larger-canola-and-grain-crops-than
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A record Canadian canola crop adds significant supply to the oilseed and meal markets, pressuring canola meal prices. The larger-than-expected wheat crop also adds grain supply.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-16 | [Another large wheat crop expected in Canada](https://feedsoft.ai/events/35998-another-large-wheat-crop-expected-in-canada.md) | -2.2% | -7.3% |
| WHEAT | 2022-12-05 | [ABARES forecasts record wheat, canola crops - Grain Central](https://feedsoft.ai/events/38213-abares-forecasts-record-wheat-canola-crops-grain-central.md) | -9.5% | -0.8% |
| WHEAT | 2023-12-05 | [Canadian and Australian crops increased: Grain market daily \| AHDB](https://feedsoft.ai/events/32776-canadian-and-australian-crops-increased-grain-market-daily-ahdb.md) | -3.3% | +2.4% |
| WHEAT | 2024-02-26 | [Grain and Oilseeds Spiral Lower](https://feedsoft.ai/events/8025-grain-and-oilseeds-spiral-lower.md) | -4.4% | -4.2% |
| WHEAT | 2022-07-15 | [Focus on Canada \| World Grain](https://feedsoft.ai/events/40455-focus-on-canada-world-grain.md) | +8.2% | +8.9% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-canada-feeds-larger-canola-and-grain-crops-expected-2017-12-06

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