Glacier FarmMedia | MarketsFarm — There were some notable changes to Canadian canola made in the United States Department of Agriculture world oilseed report issued on June 12.
The USDA increased its call on 2024/25 canola exports and trimmed those for 2025/26, and reduced carryout projections for both marketing years.
In Oilseeds: World Markets and Trade, the USDA upped Canadian canola exports for the current crop year to 9 million tonnes from 8.75 million. In comparison, last month Agriculture and Agri-Food Canada revised its call on canola exports to 8.50 million from 7.50 million.
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However, the Canadian Grain Commission reported that as of June 8, cumulative canola exports for 2024/25 reached 8.68 million tonnes with eight weeks remaining in the marketing year.
AAFC is scheduled to publish its next supply and demand report on June 20.
The USDA kept its forecasts on Canadian canola production at 18.80 million tonnes in 2024/25 and 19.50 million this coming year. In comparison, AAFC is at 17.85 million and 18 million tonnes, respectively, in using Statistics Canada data.
The USDA held its estimate on Canadian domestic use of canola at 11.35 million tonnes, with AAFC at 10.94 million. The latter dropped feed, waste and dockage from 391,000 tonnes to minus 609,000 in order to balance AAFC’s canola numbers, pending StatCan’s stocks and production reports in September.
For 2025/26, the USDA held its estimate on domestic use at 11.90 million tonnes compared to AAFC’s call of 11.40 million.
As for Canadian canola ending stocks, the USDA chopped 250,000 tonnes from its projection 2024/25 to now 1.35 million and lopped off 150,000 tonnes from its 2025/26 forecast at slightly below 1.60 million. In comparison, AAFC is at 1.30 million and 2 million tonnes, respectively.
