Record U.S. Canola Crop
WASHINGTON - Oct 10/14 - SNS -- The first U.S. canola production forecast for 2014 is 2.52 billion pounds, up 14% from 2013 and will be the largest production on record, according to the USDA's latest crop report.
Area planted, at 1.71 million acres, is down 2% from the June estimate but up 27% from last year.
Canola farmers expect to harvest 1.55 million acres, down 7% from June but up 23% from 2013. Harvested area for the Nation will be the second largest on record, if realized.
The October yield forecast, at 1,622 pounds per acre, is 126 pounds below last year's yield but will be the fourth highest on record, if realized.
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