# Canola acres seen rising on high prices - AgCanada

> Oil World expects Canadian canola plantings to rise by less than 10 percent in spring, at the expense of wheat, as farmers seek to sell before vegetable oil prices fall. The firm forecasts palm output will rebound significantly by 2018, potentially causing a severe global price drop. ICE canola futures have gained about 15 percent since August.

- Date: 2017-01-17 · published 2017-01-17T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/73084-canola-acres-seen-rising-on-high-prices-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected acreage gains add future canola supply, while forecast palm oil recovery points to lower vegetable oil prices and weaker canola values later in 2017.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-08-16 | [Bumper crops weighing on palm oil prices in Southeast Asia - Nikkei Asia](https://feedsoft.ai/events/69557-bumper-crops-weighing-on-palm-oil-prices-in-southeast-asia-nikkei-asia.md) | +1.6% | +10.0% |
| PALMOIL | 2024-07-31 | [Falling soybean oil prices weigh on other vegetable oil markets](https://feedsoft.ai/events/29357-falling-soybean-oil-prices-weigh-on-other-vegetable-oil-markets.md) | -1.9% | +1.5% |
| PALMOIL | 2023-08-30 | [Optimism high for future of canola despite recent Sask. droughts](https://feedsoft.ai/events/34693-optimism-high-for-future-of-canola-despite-recent-sask-droughts.md) | +0.6% | -3.1% |
| PALMOIL | 2017-03-07 | [Global palm oil output seen rising 11pc in 2017 \| Malay Mail](https://feedsoft.ai/events/72112-global-palm-oil-output-seen-rising-11pc-in-2017-malay-mail.md) | -4.1% | -7.2% |
| PALMOIL | 2018-01-09 | [Cpo prices expected to decline on mounting supply \| Borneo Post Online](https://feedsoft.ai/events/67073-cpo-prices-expected-to-decline-on-mounting-supply-borneo-post-online.md) | -2.2% | -3.5% |
| SBO | 2024-05-16 | [Rapeseed and canola prices eased after touching multi-month highs](https://feedsoft.ai/events/30227-rapeseed-and-canola-prices-eased-after-touching-multi-month-highs.md) | +3.2% | +3.6% |
| SBO | 2018-06-11 | [Prices for rapeseed and canola are reduced](https://feedsoft.ai/events/64619-prices-for-rapeseed-and-canola-are-reduced.md) | -3.3% | -5.8% |
| SBO | 2021-06-17 | [U.S. grains: Corn, soy plunge on weather, broad commodities sell-off - AgCanada](https://feedsoft.ai/events/5762-u-s-grains-corn-soy-plunge-on-weather-broad-commodities-sell-off-agcanada.md) | -3.7% | -0.4% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/canola-acres-seen-rising-on-high-prices

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