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Deciphering the Canola Market with Mike Jubinville, ProFarmer Canada
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Canola ac will be what mother nature dictates - not the market. If the eastern 1/2 of western canada is dry and warm from march through end of may 20 mill acres will be in the cards. Normal spring 18.5, and cool damp/wet 17 at best. So no economist can predict sfa. Weather tells the story and if Drew Learner is 90% right 17-18 mill ac is bankable with ave yields.
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P.S. - western Canola ac are already maxed = same as last year with wheat/bly finaly showing some proffit.
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