Canada will harvest more wheat and canola than expected, government says

Published 2023년 12월 4일

Tridge summary

A government report released on Monday shows that Canadian farmers are expected to harvest more wheat and canola than previously predicted due to crops recovering from drought conditions. The new estimates from Statistics Canada's annual report exceed industry expectations, with the estimate for total wheat production being 32 million metric tonnes, surpassing the average expectation of 31.1 million tonnes. The report attributes the increase to better-than-expected yields and timely late summer rains.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Rod Nickel WINNIPEG, MANITOBA - Canadian farmers will harvest more wheat and canola than expected a few months ago as crops recover from drought conditions that threatened yields, according to a government report released Monday. Statistics Canada's estimates are trending higher in December's annual report, while the agency's elevated estimate for total wheat production exceeded industry expectations. Canada is the world's fourth largest wheat exporter and the largest canola exporter. Statistics Canada estimated total wheat production at 32 million metric tonnes, the second lowest in six years but an increase from the September estimate of 29.8 million. The new estimate surpassed the industry's average expectation of 31.1 million tonnes in a Reuters poll. "It's a pretty big jump from the fall report. Yields were a little better than expected," said Brian Voth, president of agricultural ...

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.