The Ministry of Agriculture of Canada has increased the forecasts of the grain harvest in 2024/25 MR

Wheat

Canola Seed & Rapeseed

Published Mar 22, 2024

Tridge summary

The March report from MSF of Canada (AAFC) has revised its forecast for the 2024/25 MR, predicting an increase in wheat production to 34.6 million tons, up from 32 million tons in the previous year. Domestic consumption and exports are also expected to rise to 9.3 million tons and 24.6 million tons respectively. The production of durum wheat, barley, and corn are also projected to increase. However, the forecast for canola production has been reduced to 18.1 million tons.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In the March report, the experts of MSF of Canada (AAFC) increased the forecast of wheat production in the country in 2024/25 MR by 0.7 to 34.6 million tons (32 million tons in 2023/24 MR), domestic consumption by 0.2 to 9.3 (8.6) million tons, exports - up to 24.6 (23.5) million tons, and final stocks - up to 4.4 (3.6) million tons. In particular, the forecast for durum wheat production increased by 0.3 to 5.7 (4) million tons, exports – by 0.1 to 4.5 (3.2) million tons, final stocks – by 0.1 to 0.8 (0.5) million t. The barley production forecast was increased by 0.2 to 9.5 (8.9) million tons, and the final stocks - by 0.2 to 1.3 (1) million tons. The forecast for corn production was also increased by 0.6 to 14.9 (15.1) million tons, domestic consumption - by 0.3 to 15.1 (15.7) million tons, ...

Source: Graintrade