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The Canola Council of Canada's 2016 review describes a season with early growth and record yield potential, undermined by sclerotinia stem rot and a long, wet harvest delayed into November. Final figures show 20.0 million seeded acres, 19.2 million harvested, a record 42.3 bu/ac average yield and 18.4 million tonnes production.
Record yields offset harvest losses and disease damage, leaving Canadian canola supplies adequate but not abundant, which supports canola meal values through the crush.
canolacouncil.orgDec 9, 2016Not 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.
