Agriculture Canada acknowledged dry Prairie conditions may curtail durum output this year, but it left its 2018 canola production estimate unchanged.
Canola futures settled with small gains on Friday, as a late bounce in Chicago Board of Trade soybeans provided some support.
Wheat futures posted strong gains on Friday, while both corn and soybeans drifted lower.
Poor conditions last fall and an overly dry summer have conspired to crimp Manitoba winter wheat yields.
The latest weekly provincial crop report on Friday pegged the harvest at 1% complete as of Tuesday, behind 6% last year and the five-year average of 4%.
Precipitation remains uncertain, but this year’s harvest period looks to be a warmer than normal one for most of the U.S.
The Canadian grain transportation system will face its first big test in the wake of the passage of Bill C-49 when this year’s Prairie harvest starts crossing the scales in earnest.
Three years of painstaking international research has paved the way for much faster production of wheat varieties adapted to climate challenges, with higher yields, enhanced nutritional quality and improved sustainability.
Canola futures hit their best levels in a week on Thursday as a rally in Chicago Board of Trade soybeans provided support.
Soybean futures jumped on Thursday on the news that China and the U.S. plan to re-start talks aimed at ending the current trade dispute between the two countries.