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Traders and market analysts were surprised by the newest crop production estimates from Statistics Canada.

Canola production was estimated at 12.9 million tonnes, when traders were expecting production between 13.5 to 14.2 million tonnes.

Ken Ball, a broker with Union Securities, says the estimate should support canola prices...



Stats can pegged all wheat production at 24.2 million tonnes, slightly below the pre-report trade estimates of 24.5 to 24.9 million.

Ball says he expects stats may increase the numbers in future reports.