TheCropSite.com- news, features, articles and disease information for the crop industry

News

Record Canola Production Forecast for Canada

19 April 2012
USDA Foreign Agricultural Service

CANADA - The expectation that Canadian farmers will again seed a record amount of canola in 2012/2013 is forecast to boost Canada's total oilseed production (canola, soybeans and sunflowers) to over 20.0 million metric tons, nearly seven per cent above 2011/2012 production.

Crush in 2012/2013 is forecast to increase to 8.2 MMT due to large crops, crush capacity and attractive domestic crush margins. This represents an increase of 2.5 per cent above already high year 2011/2012 expected levels of 8.0 MMT.

Canadian oilseed exports are expected to fall slightly in 2012/2013 to 11.4 MMT from expected 2011/2012 levels of 11.5 MMT. This slight decrease is due to exports in canola and soybeans being limited due to tightening domestic supplies in 2012/2013.

Canola and soybean crush in 2012/2013 is expected to remain high due to the large crops and strong prices. Total meal production in 2012/2013 is forecast at 5.0 MMT, slightly above year 2011/2012 expected levels of 4.8 MMT.

Similarly, total oils production in 2011/2012 is expected to continue at the high levels being experience in 2011/2012. Total oil production in 2012/2013 is forecast at 3.4 MMT, slightly above year 2011/2012 expected levels of 3.3 MMT.

Total meal and total oils exports in 2012/2013 are forecast to rise to 3.4 MMT and 2.8 MMT, slightly above year 2011/2012 total meal and oil expected exports levels.

Further Reading

- You can view the full report by clicking here.

TheCropSite News Desk



Our Sponsors