Canadian all-wheat forecast up slightly

Agriculture and Agri-Food Canada (AAFC) has released its preliminary outlook for 2025-26, predicting a decrease in the production of Canada's main field crops due to a drop in corn, canola, soybeans, and other crops, despite an increase in wheat, barley, and oats. All-wheat production is expected to rise by 0.2% to 35.025 million tonnes, with an increase in seeded and harvested areas, but a slightly lower yield. Wheat except durum production is projected to increase by 2.7% to 29.873 million tonnes, with a higher seeded and harvested area. However, durum production is expected to decrease by 12% to 5.152 million tonnes due to a reduction in seeded and harvested areas. Oat plantings are expected to increase due to a tight supply and demand balance and slower price decline. Canola production, on the other hand, is predicted to decrease by 2% to 17.5 million tonnes due to reduced seeding caused by declining prices, steady input costs, low late-fall soil moisture, and a slight increase in wheat prices.