A return to trend yields should see an increase in production for most of the major crops grown in Canada in the upcoming 2024/25 (Aug/Jul) marketing year, according to the first outlook for the season from Agriculture and Agri-Food Canada released Jan. 22.
Early signs point to increased crop production in 2024/25: AAFC
Rotation, moisture, expected prices, costs among main factors expected in seeding decisions
Higher canola, wheat production expected in StatCan report
Traders raise concerns about report accuracy
MarketsFarm — There was a consensus among several traders and analysts that Statistics Canada will very likely raise its estimates on canola and wheat production for 2023-24. Yields on the Prairies were better than expected following a difficult first half of the growing period, as the weather improved during the second half. StatCan is set […] Read more
Few surprises in StatCan report, analyst says
Downward revision on canola among those few
MarketsFarm PRO analyst Mike Jubinville said Statistics Canada’s principal field crop production report, released Thursday, did not contain too many surprises. The agency’s previous report on Aug. 29 already provided insight as to what production numbers were going to be, he said, but still warned the model-based projections in the latest report will not be […] Read more
StatCan expected to raise estimate for oats production
Ending stocks estimate 'probably fairly accurate'
MarketsFarm — Ahead of the model-based Statistics Canada production report due out on Thursday, Scott Shiels of Grain Millers Canada in Yorkton, Sask. said it’s likely the agency’s numbers for oats will increase. StatCan issued its first model-based production report for 2023-24 on Aug. 29, which placed the country’s oats at about 2.429 million tonnes. […] Read more
Large gap between StatCan, USDA canola estimates
USDA sticks closer to StatCan expectations on wheat
MarketsFarm — There’s a significant difference in the amount of canola grown in Canada during 2022-23, in the estimate from Statistics Canada (StatCan) compared to that from the U.S. Department of Agriculture (USDA). Earlier in December, StatCan’s survey-based production of principal field crops report pegged this year’s canola harvest at 18.17 million tonnes. That’s a […] Read more
Opinions divided ahead of StatCan production report
Agency's previous estimates model-based
MarketsFarm — Ahead of the crop production report from Statistics Canada (StatCan) due out Friday, trade expectations are above and below what the federal agency estimated in September. In August, and in September, StatCan issued production reports based on a satellite model and without any input from farmers filling out surveys. That has caused some […] Read more
Production, ending stocks down for U.S. corn, soybeans
Worldwide soy, corn stocks also revised lower
MarketsFarm — Projected cuts to soybean production and yields in the United States exceeded many analysts’ expectations, but the monthly U.S. Department of Agriculture (USDA) estimates for corn were mostly in line with pre-report expectations. USDA released its monthly world agriculture supply and demand estimates (WASDE) on Monday, which showed downward revisions for average yield […] Read more
Canadian crop production bounces back, StatCan reports
Wheat at higher end of trade projections
MarketsFarm — After 2021’s historic drought on the Prairies caused crop production to fall to historic lows, the 2022 harvest has mostly bounced back to pre-drought levels, according to Statistics Canada. StatCan on Monday released its July 2022 satellite image-based principal field crop production estimates, which confirmed analysts’ expectations that this year’s crop production would […] Read more
AAFC ups wheat production, usage numbers; stocks steady
MarketsFarm — Projected ending stocks of Canada’s major crops were left relatively unchanged in the latest supply/demand estimates from Agriculture and Agri-Food Canada, released Monday, although there were some revisions to the wheat production and usage numbers. The government agency raised its forecast for total Canadian wheat production in 2022-23 to 33.092 million tonnes, up […] Read more
Smaller crops likely in StatsCan survey-based report
MarketsFarm — Mindful of the summer drought conditions that seriously cut into crop production across the Prairies, average trade estimates call for downward revisions to Statistics Canada’s already-small forecasts for most crops when the it releases its first survey-based estimates of the marketing year on Friday. While prior reports, in September and August, were compiled […] Read more
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