The Australian Oilseeds Federation’s July crop report forecasts a canola crop of 3.12 million tonnes, down more than a million tonnes from last year’s bumper harvest.
The report said extremely dry weather in Western Australia and South Australia meant some seeded fields failed to germinate and were re-seeded to cereals. New South Wales and Victoria fared better with rain and crop conditions.
There has been rain recently, but that will not make up for the deficit since seeding, the report said.
The Australian Bureau of Meteorology forecasts below average rainfall in August for most canola growing regions. The dryness is expected to continue into September.
The federation forecasts yields at 23.7 bushels per acre.