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Agriculture Canada forecasts 2023-24 canola output at 18.4 million tonnes, close to last year's 18.17 million, while private estimates exceed 20 million tonnes if June and July rains are adequate. USDA's forecast also differs from the government estimate.
A larger-than-expected crop would add supply and pressure canola and meal prices, while the official low estimate supports them.
producer.comadminJun 1, 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.
