Canola futures posted just modest gains on Tuesday, following a lower-than-expected production estimate from Statistics Canada.
Crop futures all ended lower on Tuesday, with wheat leading the way down.
Statistics Canada's first crop production estimates for the 2016 growing season may have raised a few eyebrows, but the numbers are still likely to change, according to most trade analysts.
Sporadic rainfall, high humidity and wet field conditions have slowed harvest progress in areas of Manitoba. However, harvest does continue as weather and field conditions allow, according to the latest weekly provincial crop report.
Lower yields in the main production province of Ontario will take a bite out of expected Canadian corn and soybean output this year.
This year's Canadian lentil crop looks like it will fall short of initial expectations, but the dry pea crop is just fine.
Statistics Canada is forecasting a moderate rise in Canadian barley production this year, but a double-digit percentage decline in oat output.
The canola crop may have suffered, but this year's wet Prairie weather didn't seem to faze the wheat - at least not in terms of overall production.
As it stands now, Canada's 2016 canola crop would have to be considered a major disappointment.
The U.S. spring wheat harvest is continuing to run well ahead of average and has now passed the two-thirds complete mark.