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CWB pegs canola production at 12.18 million tonnes

Posted by Eric Anderson Jul 22, 2015

Commodity news Service Canada is reporting that . . .

CWB is estimating the Canadian canola crop will produce 12.18 million tonnes in 2015/16 (Aug/Jul),

The projection is below a previous estimate from the company of 12.60 to 13.00 million tonnes, which was released in the June 25, 2015 Pool Return Outlook report.

The CWB projection compares to average trade guesses of 13.5 million, the company’s supply and demand table showed.

Agriculture and Agri-Food Canada (AAFC) released their own supply and demand tables on July 21, pegging Canadian canola production for 2014/15 at 14.30 million tonnes.

In 2014/15 Canadian canola production totaled 15.56 million tonnes, according to Statistics Canada figures.


Full story at http://www.agcanada.com/daily/cwb-pegs-canola-production-at-12-18-mln-tonnes



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