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The USDA attaché in Ottawa projects Canada's 2026-27 canola crop at 20.11 million tonnes, above Statistics Canada's 19.20 million. The attaché also flags drought affecting 32% of Canada's farmland and fertilizer costs that could squeeze canola and wheat margins.
A larger crop estimate implies more canola oil and meal supply, which is bearish for canola products if confirmed. Drought and fertilizer costs are offsetting risks that could reduce acres or yields.
grainews.caGlen HallickApr 27, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
