NEWS
Report: Less Canadian Canola
Wed Dec 5, 2012 02:32 PM CST

Winnipeg (Dow Jones) -- Canadian canola production in the 2012-13 (August/July) crop year was smaller than most industry participants had been anticipating and will result in an "astoundingly" tight ending-stocks situation, industry officials said in reaction to the Statistics Canada production survey released Wednesday.

"There had been a lot of individuals who thought the government agency would raise its canola-production forecast from the October estimate, but that just did not happen," Ken Ball, a broker with PI Financial Group in Winnipeg, said.

The slight downward revision to the canola-production projection from the October report wasn't expected to significantly alter the ...

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