# Trade sees record Canadian canola acres as possibility | Farmtario

> Analysts expect Canadian farmers to seed record canola acres in 2017, with trade estimates ranging from 20.3 to 22.5 million acres versus 20.4 million in 2016. Wheat area is expected to fall by at least a million acres, with the largest drop in durum. The forecasts precede Statistics Canada's first survey-based acreage estimate.

- Date: 2017-04-17 · published 2017-04-17T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/71492-trade-sees-record-canadian-canola-acres-as-possibility-farmtario
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Expectations of larger canola supply weigh on canola meal, while expected wheat and durum acreage cuts are supportive for those grains. Actual results from the Statistics Canada release will determine the price move.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- farmtario.com: https://farmtario.com/daily/trade-sees-record-canadian-canola-acres-as-possibility/

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