The slashing of Canada's crop forecast had an immediate affect on the market this week, with ICE canola futures rising 4 per cent to around A$950 a tonne.
"It's been tough for some of our farmers in the south, but we're optimistic that we'll get this crop off and we'll have a better year next year," she said.West Australian-based grain trader with Australian Asian Agricultural Exports, James Foulsham, said Australian canola would fill some of the voids left by the shortage of Canadian supply.
"We're already seeing elevated prices for next year's crop, the Canadian crop is so small that it will take a while for them to build stocks up and rebuild.
johngbennett are you ready, your opinion, please. Thank you so much
CaNola? Yes she can!
Looks like a big area Must be far canola
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