# StatCan numbers fairly acceptable says analyst - MarketsFarm

> Statistics Canada's production estimates for 2024-25 came in above the average analyst view. Its canola forecast of 19.50 million tonnes was above a Reuters poll's 19.20 million. The satellite data used is about five weeks old and shows crop health in the Prairies ranging from much lower to normal.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/28767-statcan-numbers-fairly-acceptable-says-analyst-marketsfarm
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

The government estimate is slightly bearish for canola supply, but the uncertain satellite data and possible yield losses from hot, dry weather limit its price impact. Buyers should watch harvest yield reports.

## Read by commodity

- CANMEAL: neutral

## Sources

- marketsfarm.com: https://marketsfarm.com/statcan-numbers-fairly-acceptable-says-analyst/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.