Frost and drought have shaved more than one million tonnes off canola production estimates, which has put analysts in a bullish mood. “We’re not selling anything,” said Derek Squair, president of Agri-Trend Marketing. He predicts a tug-of-war developing between crushers and exporters for the ever-shrinking supply of the oilseed. “The crushers have started the tug-of-war. […] Read more
Tag Archives crop production — page 2
Canola’s magic number?
CORRECTION – March 19, 2015 – This story originally stated the 2014 canola crop was 13 million tonnes – the correct figure is 15.6 million tonnes. BANFF, Alta. — It was easy last March to set a 26 million tonne canola production target by 2025 after farmers grew an 18 million tonne crop in 2013. […] Read more
Canola, wheat beat expectations
Statistics Canada report | Total production lower than 2013-14, better than expected
There wasn’t a collective yawn when Statistics Canada released its final crop estimate Dec. 5, but there may have been collective eye rolling. Instead of reacting negatively to Statistics Canada’s estimates that canola and wheat estimates were higher than previously estimated, the market took it all in stride. Statistics Canada pegged canola 1.5 million tonnes […] Read more
