Canadian canola production forecast for MY 2026/27 remains unchanged – USDA
According to the USDA’s Supply and Demand report, Canada’s canola production forecast for MY 2026/27 remains unchanged at 22 million tonnes, the same as last year. Exports are forecast at 8.2 million tonnes (up 7.9% year-over-year), and domestic consumption is estimated at 13.85 million tonnes (up 6.5%). Projected ending stocks are 3.126 million tonnes (up 3.3%). The USDA slightly raised its global canola production forecast for 2026/27 to a record 96.91 million tonnes, up 1.4% year-over-year.
The USDA report notes a slight increase in global canola production to a record 96.91 million tonnes and a 3.3% year-over-year increase in Canadian ending stocks. Overall rapeseed supply appears relatively ample, reducing price support for rapeseed oil; combined with recent weakness in rapeseed oil futures, this has an overall negative impact on prices.
Since rapeseed is the primary raw material for rapeseed meal production, the abundant global supply indicated in the report weakens price support for rapeseed meal, exerting an overall negative impact on rapeseed meal prices.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Grain exports from Russia’s Black Sea ports could nearly come to a halt due ...
Black Sea Logistics Disruptions: Expert Market Briefing
Ukraine prepares grain-backed loans to help farmers avoid distress sales
ADM to expand US soybean crushing capacity by 700 thsd tons
Drought cuts wheat yields on 90% of UK farms
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon