Canada Markets
Cliff Jamieson Canadian Grains Analyst
Fri Apr 24, 2015 05:14 PM CDT

It's steady-as-she-goes in the new-crop canola market this week, despite Thursday's Statistics Canada report which estimated that producers would seed 900,000 less acres to canola this spring.

Pre-report estimates for 2015 canola acres indicated a split in the trade, with expectations that canola acres could move a million acres either up or down from last year's estimate of 20.3 million acres. Those leaning towards lower acres may be right, given Thursday's Statistics Canada's March Intentions report that suggested producers will seed 19.416 ma this spring, down 4.5% from last year.

A combination of this estimated acreage along with the five-year ...

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