date:Dec 08, 2015
e 16.4m tonnes that the trade had expected, besides the previous official estmate of 14.3m tonnes.
The report suggested that late season rainfall had greatly boosted canola yields so Canadian output is thought to have increased 5% year on year, said Tobin Gorey at Commonwealth Bank of Australia.
Analysts and investors alike were shocked. This would be the second largest Canadian canola crop on record.
And just last month Statistics Canada was predicting a 13% decline in this seasons production.