Source: Sean Pratt, Producer.com, July 30, 2019
LANGHAM, Sask. — Reduced acres, a dry spring and a cool summer will result in a small canola crop but don’t expect a price rally, say analysts.
Bruce Burnett, director of markets and weather with MarketsFarm, forecasts an average Canadian yield of 38.6 bushels per acre, which would be about two percent below the previous five-year average.
He estimates 20.36 million harvested acres, resulting in 17.8 million tonnes of production. That is two to three million tonnes below the annual production of the last few years.
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