The rapeseed harvest in Canada in the current season could be below volumes previously expected by government officials and market operators while the gross wheat harvest is larger, Reuters reports.
According to Statistics Canada analysts, the 2022/23 canola crop is expected to be 19,1 million Tonnen which is 39% higher than the previous season, but inferior to the forecast of experts in August (19,5 million tons).
As indicated, the decline in the oil production outlook is due to the fact that there were dry weather conditions in western Canada last month.
At the same time, the wheat production in Canada for 2022/23 forecast by Statistics Canada at 34,7 million tonnes, up from the August estimate (34,6 million tonnes) and 57% of the previous result.