Unharvested acreage risk drives canola futures higher

Image Courtesy of Western Producer
Image Courtesy of Western Producer

By D’Arce McMillian, The Western Producer, October 20, 2016 

It is estimated that more than two million acres of canola are yet to be harvested.

Canola futures have rallied this month to reflect the difficulties in the prairie harvest and support from stronger soy oil values.

As of Oct. 10, 23 percent of Saskatchewan’s canola acreage had not yet been harvested, according to the province’s agriculture department.

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