Statistics Canada this week released its model-based principal field crop estimates for August 31, 2016.
The yield estimates are based on a model that combines satellite data, data from Stats Canada's field crop reporting series and agroclimatic data.
Model-based principal field crop estimates have replaced the September Farm Survey.
Paterson Grain Merchandiser Lorne Boundy says the trade doesn't put a lot of weight on model-based metrics, although he notes going forward, they will be a lot more valuable.
At the national level, canola production is estimated to be 18.3 million tonnes in 2016, the same level as in 2015, as a result of an expected increase in average yield combined with an anticipated decline in harvested acreage.
"The weather was pretty good for canola overall and I didn't read too much into when these survey's were replaced with the satellites," said Boundy. "There have been some rains that have set back yields in certain areas since, it will all be when it gets to the bin, 'how much is actually there?'. We did avoid a lot of the disease we've had the last few years, so canola is looking like a good crop. Farmers are definitely taking advantage of the little price rally we've had as well. "
Source : Steinbachonline