Tale of Two Countries. Mallee vs SF3 Canola war 2017 acres.
Canada
Canada's oilseed production is forecast to rise modestly in 2017/2018 to 25.3 million tonnes, up 1% from 2016/2017, driven by a small increase in canola production and expected yields, says the USDA attache. Total crush is forecast to drop by 4% to 10.5 million tonnes from the 2016/2017 anticipated crush levels of 11 million. The canola crush forecast is down 377,000 tonnes in 2017/2018 with no increase in production expected.
Australia
Australian canola plantings set to explode. Nick Goddard, executive director of the Australian Oilseeds Federation (AOF) said while his organization has not yet put out an official forecast, he expected farmers in NSW and Western Australia in particular to be big planters of canola. “There have been good summer and early autumn rainfall over large areas of these two states,†Goddard said.
I kind of agree Canada Cant find any more places to grow the acreage since were now all way west to Mountains and South to USA border. Canola snow canola snow canola snow usually leads to RB Auction.
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