# Federal forecast sees more oilseed acres, less in grains - AgCanada

> Agriculture and Agri-Food Canada forecasts canola seeded area rising 3 percent to about 21 million acres and soybean area rising 8 percent to a record 5.93 million acres. It expects canola prices to ease to C$490-530 per tonne and soy to fall to C$435-475 per tonne.

- Date: 2017-02-01 · published 2017-02-01T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/72457-federal-forecast-sees-more-oilseed-acres-less-in-grains-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Larger expected oilseed acres and lower soy and canola price forecasts point to ample future oilseed meal supply, which is bearish for oilseed meal prices.

## Read by commodity

- SOY: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-04-10 | [USDA slightly raised its forecast for global oilseed production, so prices remain under pressure from increased supply](https://feedsoft.ai/events/19842-usda-slightly-raised-its-forecast-for-global-oilseed-production-so-prices.md) | -0.1% | +1.0% |
| SOY | 2020-06-15 | [The forecast increase in soybean production will increase pressure on oilseed prices in the new season](https://feedsoft.ai/events/52737-the-forecast-increase-in-soybean-production-will-increase-pressure-on-oilseed.md) | +0.6% | +0.6% |
| SOY | 2024-02-26 | [Grain and Oilseeds Spiral Lower](https://feedsoft.ai/events/8025-grain-and-oilseeds-spiral-lower.md) | +0.9% | +5.3% |
| SOY | 2024-12-11 | [Forecast for U.S. Oilseed Production in 2024–2025 – Market-Tracker](https://feedsoft.ai/events/27058-forecast-for-u-s-oilseed-production-in-2024-2025-market-tracker.md) | -1.8% | -0.3% |
| SOY | 2023-08-12 | [U.S. grains: Soybean, grains futures drop as traders shed risk - AgCanada](https://feedsoft.ai/events/5618-u-s-grains-soybean-grains-futures-drop-as-traders-shed-risk-agcanada.md) | -2.7% | -3.5% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/federal-forecast-sees-more-oilseed-acres-less-in-grains

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