# Farmers betting on canola - Agweek | #1 source for agriculture news, farming, markets

> An Agweek market outlook says farmers are expected to shift acreage toward canola in 2017 after strong winter demand and last fall's harvest disruptions. U.S. winter wheat conditions improved to 54 percent good/excellent, and spring wheat planting lags the normal pace.

- Date: 2017-04-23 · published 2017-04-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71597-farmers-betting-on-canola-agweek-1-source-for-agriculture-news-farming-markets
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expected canola acreage growth points to larger future supply that caps prices, while wheat's huge supplies and improving crop ratings keep wheat pressured.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Sources

- agweek.com: https://www.agweek.com/opinion/farmers-betting-on-canola

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