Canola prices were strengthening recently until the date came closer to the release of the final Statistics Canada Crop Production Report. On Dec. 4, the agency reported that Canadian canola production this year was 21.8 million metric tons (MMT). This is an increase of over eight percent from its September estimate and is nearly 2.5 MMT above last year’s canola crop. Average yields were over 2,200 pounds on over 21 million acres. Final canola production for the U.S. will be reported in January.
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Canola prices react to Canadian production report
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