# AAFC Slashes 2016/17 Canola Ending Stocks

> Agriculture and Agri-Food Canada's February outlook cut Canadian 2016/17 canola ending stocks by 900,000 mt to 1.1 mmt, the lowest in four years, after raising export demand by 500,000 mt to 10 mmt and crush by 100,000 mt to 9 mmt. Crush and exports are running ahead of last year's pace. The March/May spread has narrowed to minus $5.20/mt.

- Date: 2017-02-22 · published 2017-02-22T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/72597-aafc-slashes-2016-17-canola-ending-stocks
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A sharply reduced carryout and strong crush and export demand tighten the canola balance, supporting nearby canola prices and oilseed meal values.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2017/02/22/aafc-slashes-201617-canola-ending

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