online exclusive
crop survey
Turn to our website, producer.com, on Dec. 4 for coverage of Statistics Canada’s crop production survey.
Most of the trade expects the canola crop estimate will rise to a number that begins with 15, an increase of a million tonnes or more above Statistics Canada’s September forecast of 14.3 million.
But some analysts think the crop could be 16 million tonnes or more.
A crop of 15 to 16 million tonnes is unlikely to weigh down prices, given the record pace to date of exports and domestic crush.
At that level, year end stocks would still likely fall from the 2.3 million on hand at the end of 2014-15.
A crop of 16 million tonnes or more would likely mean year end stocks would not fall.
The Statistics Canada report will also be important to identify how tight pulse crop stocks will get.
Pulse prices are great, exports are strong and year end stocks are forecast to be exceptionally tight.
