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Canadian canola yields averaged 40.1 bushels per acre in 2020, the lowest of the past five years. The Canola Council of Canada's 52 bushel target for 2025 is getting further away.
The council believes yields could still rise about 25 percent over the next five years.
Low recent yields limit Canadian supply and keep canola tight relative to demand. Improving yields would add future supply and ease prices over time.
canoladigest.caJay WhetterMar 8, 2021Not 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.
