Agriculture and Agri-Food Canada revised its canola estimates in its July supply and demand report released on July 21.
Bases revision on latest StatCan numbers
Prairie weather is always a factor for canola prices; the week ending July 18, 2025, was no exception
New crop looking good, but needs rain
Canola markets took a good hit during the week ending July 11, 2025, on the thought that the Canadian crop will yield well despite dry weather
Growing conditions vary across province
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But ground drier
About 50 to 70 per cent of normal precipitation
Good majority of moisture levels rated adequate
Rainfall amounts vary widely