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USDA Continues to See Larger Canadian Canola Crop

Even the USDA apparently thinks Statistics Canada latest 2022 Canadian canola production estimate is too low. 

As part of its world agricultural supply and demand estimates released Friday, the USDA trimmed its estimate of this year’s Canadian canola crop by just 500,000 tonnes from last month to 19 million. That compares to StatsCan’s final crop production report of the season last week which lowered estimated canola output to just 18.17 million tonnes, down from the federal agency’s September estimate of 19.09 million. 

More typically, the monthly USDA data more closely reflects the latest estimates of StatsCan and other such statistical agencies around the world. 

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