StatsCan drops wheat and pea production estimates in latest satellite-based report

Published 2020년 9월 14일

Tridge summary

Statistics Canada has revised its crop production estimates for 2020, reducing wheat and pea projections and increasing lentil and soybean estimates in its September report. The adjustments are based on satellite imagery due to COVID-19 restrictions, with wheat production estimated at 34.1 million tonnes, down from 35.7 million, and durum wheat seeing a significant drop. Meanwhile, lentil production is projected to reach 3.1 million tonnes, an increase from 2.8 million, and soybean production is expected to rise to 6.1 million tonnes from 5.9 million. Other crops like corn, dry beans, and chick peas also show increased production estimates.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Statistics Canada cut its wheat and pea production estimates — and raised its lentil and soybean projections — in its annual September satellite-based crop report, published on Monday morning. It’s the second satellite-based set of crop production estimates issued by the agency in the last two weeks. Due to COVID-19, StatsCan chose to employ its model-based method for its July report rather than surveying farmers. That report was issued on August 31. As you can see in the chart below, total wheat production was reduced from 35.7 million tonnes to 34.1, with a significant cut to the durum wheat projection. StatsCan also backed off on its production estimates for peas, barley, and flax. The lentil production estimate rose from 2.8 million tonnes to 3.1 million, while the soybean projection ...
Source: Real Ag

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.