Large supply of canaryseed may put pressure on prices, analyst warns
Large supply of canaryseed may put pressure on prices, analyst warns
There is a big oversupply of canaryseed in Saskatchewan. Canadian production is estimated at 235-thousand tonnes, according to Statistics Canada.
That big crop is folding into last year's carryover, according to grain market analyst with Left Field Commodity Research Chuck Penner.
Penner also provided market outlooks for canola and pulse crops.
"We have this bigger crop, this biggest crop since we've had since 04-05, and we're also carrying in some larger supplies. So total supplies closer to 32
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