The USDA issued a crop production report on Oct. 12 that included first estimates of canola production and acreage for the 2021 growing season. The report said production for 2021 is forecast at 2.35 billion pounds, down 32 percent from 2020 production of 3.45 billion pounds. If realized, this will be the lowest production for the United States since 2013, an 8-year low. Total acres planted are estimated at a record high 2.15 million acres, up 18 percent from last year. Acreage harvested is expected to be 2.10 million acres, indicating normal levels of acreage abandonment.
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Drought cuts canola crop to lowest in eight years
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