# Oil World's latest forecasts

> Oil World reports Canada exported 1.07 million tonnes of canola seed in April, a record 4.29 million tonnes in the first four months of the year. Canadian canola ending stocks could fall to a four-year low of 0.9 million tonnes, and global soybean production is estimated at 248.24 million tonnes.

- Date: 2017-05-25 · published 2017-05-25T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/71114-oil-world-s-latest-forecasts
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record exports leaving Canadian ending stocks at a four-year low tighten canola supply, supporting canola meal and oil prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-08-22 | [Record US soybean crop forecast in 2024 \| World Grain](https://feedsoft.ai/events/28788-record-us-soybean-crop-forecast-in-2024-world-grain.md) | -0.5% | +5.2% |
| SOY | 2020-04-09 | [USDA lifts carryover forecasts for key grain crops \| 2020-04-09  \| World Grain](https://feedsoft.ai/events/53600-usda-lifts-carryover-forecasts-for-key-grain-crops-2020-04-09-world-grain.md) | -2.1% | -1.5% |
| SOY | 2021-02-19 | [Outlook Forecasts Larger Corn, Soybean Crops for 2021](https://feedsoft.ai/events/48482-outlook-forecasts-larger-corn-soybean-crops-for-2021.md) | +2.3% | +1.3% |
| SOY | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -8.7% | -2.7% |
| SOY | 2024-12-10 | [USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report \| Feed & Grain](https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report.md) | -0.8% | -0.3% |
| SBM | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -6.5% | -2.3% |
| SBM | 2024-12-10 | [USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report \| Feed & Grain](https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report.md) | +0.1% | +2.2% |
| SBM | 2026-05-15 | [Brazil raises forecast for record harvest](https://feedsoft.ai/events/13434-brazil-raises-forecast-for-record-harvest.md) | -3.3% | -12.8% |

## Sources

- grainsprices.com: https://grainsprices.com/article/12604

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