Canadian canola crop is lower than expected, wheat production slightly higher
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게시됨 2022년 9월 15일
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Canada's canola crop is smaller than the industry and the federal government expected, while the wheat crop looks slightly larger and is the third largest on record, a government report showed Wednesday. fair. Statistics Canada said that farmers will harvest 19.1 […]
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By Rod Nickel WINNIPEG, Canada — Canada's canola crop is smaller than the industry and the federal government had expected, while the wheat crop looks slightly larger and is the third largest on record, a government report showed Wednesday. Statistics Canada said farmers will harvest 19.1 million tonnes of canola, up 39% from last year but below StatsCan's August estimate of 19.5 million. The market expected 19.9 million tonnes on average in a Reuters poll ahead of the report. "It was dry in western Canada last month, so (the crop) probably didn't do as well as farmers had hoped," said Lawrence Klusa, president of consultancy Seges Markets, referring to stuffing canola beans with their valuable oil. . While canola production has jumped from a year ago, Canada's crop would be the second lowest in seven years. Total wheat production could reach 34.7 million ...