Canada: Oilseeds and Products Annual

Dryness persists in scattered growing areas of Alberta and Saskatchewan. However, there is still time for spring precipitation. Meanwhile, most eastern soybean producers await warmer temperatures to dry the heavy-to-adequate snow accumulation. MY 2022/23 canola seed production rebounded on improved growing conditions, and exports to China increased after access was reinstated for Canada’s two largest canola-handling companies. For the second year, the average canola oil extraction rate remains below the historic average, due to environmental factors. Effective in April 2023, the Canadian government will end domestic uses of insecticide ingredient, lambda-cyhalothrin, on grains and oilseeds destined for animal feed channels.