US Canola Production Estimated at New Record High

The US quietly put together a record canola crop in 2024 – and there may be more upside ahead. In its first official estimate of this year’s crop, the USDA last month pegged American canola production at 2.234 million tonnes, up 14% from the 2023 crop of 1.885 million, which was also the previous high. Much of the increase was due to a 14% increase in planted area to 2.76 million acres – with harvested area up 13% to a new record of 2.72 million - although the estimated average