# Canola production estimates questioned

> 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.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/35461-canola-production-estimates-questioned
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A larger-than-expected crop would add supply and pressure canola and meal prices, while the official low estimate supports them.

## Read by commodity

- CANMEAL: neutral

## Sources

- producer.com: https://www.producer.com/markets/canola-production-estimates-questioned/

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