Canola supplies could be tight by the end of the 2014-15 crop year, depending on who you believe. On one hand, Statistics Canada last week pegged 2014 canola production at 15.6 million tonnes. On the other hand, most of the trade is estimating production at between 14 and 15 million tonnes, with carry-out stocks next summer of around 1 million.
As part of this episode of the Canola School, we hear two perspectives on the canola market — from a buyer and an analyst: Glen Pownall, managing director of Cremer Canada, and Marlene Boersch of Mercantile Consulting Venture, respectively.
Filmed at Farm Forum in Saskatoon, they discuss what they’re expecting for canola prices heading into the 2015 growing season, how export and domestic demand so far compares with previous years and concerns about the validity of StatsCan crop estimates: