Statistics Canada experts lowered the harvest forecast for canola and corn but increased wheat, soybeans and barley

Published 2024년 12월 6일

Tridge summary

Statistics Canada has updated its crop harvest estimates for 2024/25, showing a significant increase in wheat production by 6.1% to 34.96 million tonnes, despite a decrease in the forecasts for canola, soybeans, corn, and barley. The rise in wheat production is attributed to an increase in durum wheat area and a higher yield, while spring wheat acreage has decreased but yield has improved. However, canola production forecasts have been reduced due to adverse weather conditions in key growing regions, leading to lower yields and production in Saskatchewan, Alberta, and Manitoba.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On December 5, Statistics Canada (StatCan) released estimates of the harvest of major crops. The report is based on a survey of 27,200 farmers, while the previous reports for August and September were based on models using satellite imagery. Compared to September’s estimates, wheat harvest forecasts have been raised, while canola, soybeans, corn and barley have been lowered. It is expected that in 2024/25 MY the wheat harvest in Canada will increase by 6.1% to 34.96 mln tonnes compared to the previous season (USDA estimated it at 34.4 mln tonnes in September), which is in line with analysts’ estimates. The area under durum wheat increased by 8% to 6.3 million acres, yield by 32.8% to 34 bushels/acre, and total production by 43.6% to 5.9 million tons. Spring wheat acreage decreased by 2.5% to 18.7 million acres, but due to a 4.9% increase in yield to 51.3 bushels/acre, production increased by 2.2% to 26.1 million tons. The forecast of canola production was lowered compared to ...

Source: UkrAgroConsult