Farm Groups: Canola Numbers No Surprise
Thu Apr 24, 2014 04:53 PM CDT

WINNIPEG, Manitoba (Dow Jones) -- The slight decline in the Canadian canola planting forecast by Statistics Canada on Thursday may have come as a surprise to industry analysts, but farm groups closer to the situation agreed that the crop was due for a bit of a pullback.

The report indicated that Canadian farmers intend on seeding 19.8 million acres of canola in 2014, a 0.7% decrease from 2013. Meanwhile, estimates made before the report generally ranged from 20 to 22 million acres, with most analysts anticipating at least a million more canola acres on the year.

Saskatchewan canola ...

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