Canada eyes huge Aussie canola crop

Mar 17, 2023

Australia’s “monstrous” canola harvest has Ken Ball adjusting his Canadian supply and demand numbers.

The Australian government’s new official estimate for its 2022-23 crop is a record 8.3 million tonnes, up from the December forecast of 7.3 million tonnes.

“Our (Canadian) exports are going to be well down from our earlier projections because of the monstrous Australian crop,” said the PI Financial analyst.

“We knew that number was going to go up, but I don’t think anybody thought it was going to go up by a million tonnes.”

Ball believes Australia could export 6.5 million tonnes of canola. The country’s more traditional export volumes are in the two to three million tonne range.

“That’s a huge chunk of business that they’re going to take from us,” he said.

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Video: Agriculture Secretary Rollins Speaks at American Farm Bureau Federation Convention in Anaheim

One of the highlights at the 2026 American Farm Bureau Federation Convention in Anaheim, California, was an address by U.S. Secretary of Agriculture Brooke Rollins. During her remarks, she thanked America’s farmers and ranchers and said the Trump Administration is fully aware that food security is national security.

She also acknowledged the challenging times in Farm Country with low commodity prices and high input costs and said that’s why the President stepped in to help with the recent Bridge Assistance Program.

Montana Farm Bureau Federation Executive Vice President Scott Kulbeck says that Farm Bureau members are appreciative of the help and looks forward to working with the American Farm Bureau Federation and its presence in Washington, DC to keep farmers and ranchers in business.

Secretary Rollins said the Trump Administration is also committed to helping ranchers build back America’s cattle herd while also providing more high-quality U.S. beef at the meat case for consumers.

And she also announced more assistance for specialty crop producers who only received a fraction of the $12 billion Farmer Bridge Assistance (FBA).

It’s important to note that producers who qualify for Farmer Bridge Assistance can expect the Farm Service Agency to start issuing payments in late February. For more information, farmers and ranchers are encouraged to contact their local USDA Service Center.