Articles for October 2017

USDA October Crop Production Report

The first U.S. canola production forecast for 2017 is 2.81 billion pounds, down 9 percent from the revised 2016 production of 3.09 billion pounds. If realized, this will be the third largest production on record for the United States. Area planted, at a record high 2.08 million acres, is down 4 percent from the June estimate but up 21 percent from last year. Canola farmers expect to harvest a record high 2.03 million acres, down 4 percent from June but up 20 percent from 2016. The October yield forecast, at 1,383 pounds per acre, is 441 pounds below last year’s record high yield and will be the lowest since 2007, if realized.

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