Canadian farmers plan record acreage for canola
The Canadian statistical agency announced in its recent publication, that the rape growing area will be extended according to the farmer by just under 10% . Although the area under cultivation corresponds to only 99% of the harvested area in the average, but still a bumper crop in the amount of 19.8 million tonnes will be middle income estimates by almost 22 dt / ha to expect. Thus achieved for the first time a canola crop that is comparable with the European Union last year Canada. Usually the Canadian canola is brought to the half in export , so that can be expected for 2017/18 with a high range of export from Canada. Support comes from the currently weak Canadian currency, which favours competitive Canadian canola in the world market sales. However, there are still some reservations. The sowing conditions for the mostly-grown summer rape are currently unfavourable, so that may be the cultivation planning not to full extent can be realized. The growth and harvest conditionsremain critical. The Flächenerträge varied between 18 to 24 dt / hain recent years. The scope of the ultimately harvested areas is uncertain. In the year 2016 were 2% of the sown area for weather reasons not harvested. The year 2017% expects for a 50 probability with an El Nino weather conditions , which could make for warmer temperatures. The full expression of the El Niño weather takes place only during the winter months in the spring. On the forward rates for rape have significantly eased the Winnipeg and Paris stock exchanges . In the period of cold weather in many parts of Europe seems to have exercised for the time being no detectable influence. The frost damage to the rape blossoms are likely to be so far hardly manageable in scope. Also the precipitation poverty in France, Spain, Germany and other rape-growing area could lead to earnings. After all, the EU with around 20 million tonnes is a leading production area rape. The market and price developments for the sub-sector rape in the oilseed complex contains many uncertainties and risks until the harvest.
