"Dryness persists in scattered growing areas of Alberta and Saskatchewan. However, there is still time for spring precipitation. Meanwhile, most eastern soybean producers await warmer temperatures to dry the heavy-to-adequate snow accumulation. MY (marketing year) 2022/23 canola seed production rebounded on improved growing conditions, and exports to China increased after access was reinstated for Canada's two largest canola-handling companies. ... In MY 2023/24, Canada's net total production of oilseeds (canola, soybean, and sunflower seeds) is forecast to decrease by less than 1% to 24.7 million metric tons (MT). Canola production is forecast to increase while soybean production is forecast down. Statistics Canada's planting intentions survey was not available at the time of this report."
To read the full report, click: (Reporting by Julie Ingwersen in Chicago)
Messaging: julie.ingwersen.thomsonreuters.com@reuters.net))