# Canola market snapshot 2017 – Canola Digest

> Statistics Canada's September report forecast 2017 canola production at a record 19.7 million tonnes from 22.8 million acres, though yields are estimated lower at 38.1 bu/ac. Seed exports reached 11 million tonnes in 2016-17, with China as the top market. StatCan will release a revised estimate on December 6.

- Date: 2017-11-07 · published 2017-11-07T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/67946-canola-market-snapshot-2017-canola-digest
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A record Canadian crop and large export flows keep canola supplies ample, weighing on canola meal prices. The December 6 StatCan revision could shift the balance if the crop comes in above or below 20 million tonnes.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- canoladigest.ca: https://canoladigest.ca/november-2017/canola-market-snapshot-2017/

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