# Canadian canola stocks seen dwindling to four-year low - AgCanada

> Reuters survey estimates Canadian canola stocks at 6.7 million tonnes as of March 31, down 22 percent year over year to a four-year low. Wheat supplies rose 27 percent to a three-year high of 18.3 million tonnes, with durum stocks nearly doubling.

- Date: 2017-05-01 · published 2017-05-01T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/70966-canadian-canola-stocks-seen-dwindling-to-four-year-low-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Low canola stocks support oilseed and meal prices, while higher wheat stocks, partly of feed-quality durum, add feed supply.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-09-06 | [Traders look to new crop following StatsCan stocks estimates - AgCanada](https://feedsoft.ai/events/68934-traders-look-to-new-crop-following-statscan-stocks-estimates-agcanada.md) | +2.3% | +1.9% |
| WHEAT | 2018-07-26 | [Prairie crop tour sees slightly bigger wheat, canola yields - AgCanada](https://feedsoft.ai/events/64128-prairie-crop-tour-sees-slightly-bigger-wheat-canola-yields-agcanada.md) | -1.5% | -1.7% |
| WHEAT | 2022-08-29 | [Canadian farmers seen reaping bumper wheat, canola, corn crops](https://feedsoft.ai/events/40003-canadian-farmers-seen-reaping-bumper-wheat-canola-corn-crops.md) | +0.5% | +4.4% |
| WHEAT | 2017-04-20 | [Importer Ending Stocks Shrink to 6-Year Low - U.S. Wheat Associates](https://feedsoft.ai/events/71554-importer-ending-stocks-shrink-to-6-year-low-u-s-wheat-associates.md) | +1.3% | +0.1% |
| WHEAT | 2024-02-16 | [French Wheat Stocks Seen Hitting 19-Year High As Ukraine Wins EU Demand](https://feedsoft.ai/events/31602-french-wheat-stocks-seen-hitting-19-year-high-as-ukraine-wins-eu-demand.md) | +1.0% | -4.6% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/canadian-canola-stocks-seen-dwindling-to-four-year-low

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