# Year-ago Canadian canola crop revised higher - AgCanada

> Statistics Canada revised the 2016 canola crop up from 18.4 million to 19.6 million tonnes in its first 2017 production estimates. The 2017 crop was pegged at 18.2 million tonnes, in the middle of trade estimates, and durum was estimated at 3.9 million tonnes. Canola futures rose after an initial drop.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/69435-year-ago-canadian-canola-crop-revised-higher-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Carryout expectations depend on whether the 2017 canola number is revised higher, and analysts said anything below 19 million tonnes suggests tightening stocks. The market reaction points to supportive prices.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/year-ago-canadian-canola-crop-revised-higher

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