Statistics Canada recently lowered its canola estimate, which should support prices, but futures values continue to fall
The fundamentals in the canola market are positive, but the futures market continues to struggle. After a brief rally due to the Statistics Canada report in the first week of December, the canola market has peaked and is now moving down back toward the recent contract lows. Oilseed fundamentals remain conflicted with record soybean production […] Read moreTag Archives soybean production
Canola, wheat harvest estimates slip
Latest Statistics Canada report shows downward revisions in both crops from the August report
Glacier FarmMedia – MarketsFarm – Hot and dry weather saw crop conditions decline across much of Western Canada over the past month, with the latest model-based production estimates from Statistics Canada showing downward revisions in both canola and wheat production from the August report. Canadian canola production for 2024-25 was forecast at 18.98 million tonnes […] Read more
