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A review of the 2023 Western Canadian canola season shows the crop began with very low soil moisture after a dry 2022, with a dry winter and a late, slow spring. Dry conditions in May and hot weather in June affected emergence and early crop development across the Prairies.
Dry early-season conditions shaped the Canadian canola crop size, which feeds into seed and meal supply; the retrospective nature offers limited new price signal.
producer.comBruce BurnettDec 14, 2023Not 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.
