Canadian mustard looking to rebound, if weather cooperates.

Canadian mustard acres may be up on the year, but key growing regions missed out on recent rain and will need more moisture as the season progresses in order to prevent a repeat of 2017’s drought stricken crop. Statistics Canada’s acreage report released at the end of April pegged intended mustard area at 438,000 acres, which would be up from the 385,000 seeded in 2017. Yields were hurt by drought, and total production only came in at 122,000 tonnes in 2017. Recent rains in Saskatchewan brought much needed moisture to many areas but some key mustard growing regions in the southwest missed out on the moisture. If the growing conditions come around, there could be lots of mustard (in 2018).

German rapeseed crop forecasts cut after dryness.

The cooperatives cut their forecast of Germany’s 2018 winter rapeseed crop to 4.05 million tonnes, down 5.0 percent on the year. The reason is the high temperatures and lack of rain in a large part of Germany in the past weeks. In May, the association had forecast 2018 a winter rapeseed crop of 4.12 million tonnes.

Soybean contracts on the NCDEX fell ahead of the onset of monsoon

Soybean contracts on the NCDEX fell ahead of the onset of monsoon and firmness in the rupee against the dollar. The most active June contract was down 29 rupees. Earlier-than-expected arrival of monsoon in Kerala has raised hope sowing of the oilseed will be higher in the country. Higher arrivals of the oilseed are also seen weighing on prices.