Agriculture and Agri-Food Canada made several upward adjustments to its supply and demand estimates, after including the data from the Statistics Canada production update last month.
AAFC issued its latest monthly report on the late afternoon of Sept. 26, which incorporated StatCan’s Sept. 17 estimates.
AAFC noted crop yields have been generally better in 2025/26 compared to those the previous year, and in particular that for canola.
Of note, the latest StatCan canola production figure of 20.03 million tonnes came in slightly lower than AAFC’s August projection of 20.10 million. The latter was higher than StatCan’s August forecast of 19.94 million tonnes of canola.
Anecdotal evidence has pointed to better-than-expected canola yields, with some market participants calling for production to reach or exceed 21 million tonnes.
StatCan is scheduled to issue its next production report on Dec. 4, which will include the survey results of more than 27,000 farmers.
