Canada: Mustard seed production may miss predictions

Published 2021년 5월 20일

Tridge summary

Despite expectations of increased mustard seed production for the 2021-22 crop year in Canada, one broker has raised concerns that it may not reach the projections by Statistics Canada or the production levels of the 2019-20 crop year. The predicted planting acres vary from 358,000 to 395,400, which would result in more production than the previous year. However, the mustard seed price has risen due to low carry-out stocks and potential dry conditions, and mustard seed may face competition for acres among other high-priced crops like canola.

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

Original content

While Canadian mustard seed production is expected to increase for the 2021-22 crop year, one broker thinks it may fall short of both Statistics Canada’s planting projections and production seen in 2019-20. “Even though (mustard seed production is) showing to be up again this year, there’s some concerns out there that maybe Statistics Canada was a little bit high on its guessed number of 358,000 acres,” said Kevin Silzer of Rayglen Commodities in Saskatoon, adding “It’s possible, not for sure, but it’s possible it might be a little high.” Statistics Canada’s crop report survey released April 28 predicted 358,000 acres of mustard seed will be planted in Canada. Agriculture Canada’s monthly principal field crops report released on April 20 forecasted about 395,400 acres of mustard seed to be planted. However, those predictions would result in more mustard seed produced than the 99,000 tonnes in 2020-21. For the current crop year, 145,000 tonnes will be produced, which is 10,000 ...

Source: The Western Producer