Canada: Grain and Feed Annual
According to Statistics Canada planting intentions and assuming average yields, Post forecast total production of wheat, barley, corn and oats to reach 53.6 million metric tons (MMT) in 2016/2017. This is a 1.5 percent increase from 2015/2016 production levels. Wheat and barley production are forecast to increase by 4.0 percent and 1.3 percent, respectively, from 2015/2016. Corn and oat production are forecast to drop by 1.6 percent and 5.9 percent, respectively. Total imports are forecast to fall nearly 5 percent due to mainly to higher domestic supplies of barley in 2016/2017. Total exports, mainly wheat, are forecast to drop nearly 9.0 percent due to lower domestic supplies and lower carry-in of wheat. Wheat ending stocks are projected to drop to a record low.
