The USDA, in its Oct. 12 Crop Production Report, released record U.S. canola production figures of 3.95 billion pounds, up 45 percent from 2.72 billion pounds last year. The total value of U.S. canola production will likely exceed $1 billion for the first time based off of this nearly 4 billion-pound crop. The USDA did revise canola acreage up from its June report as FSA data became available. The report showed a large difference in canola yields between North Dakota and Montana compared to normal. Canola yields also came up short in the Southern Plains states of Kansas and Oklahoma as they suffer through extremely dry conditions.
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US canola production value likely to exceed $1 billion
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