Canada: Grain and Feed Annual
Post is forecasting total production of wheat, barley, corn, and oats to reach 52.6 million metric tons (MMT) in 2017/2018, a seven percent decrease from 2016/2017 production levels of 56.7 MMT. Wheat, corn, and barley production are forecast to decrease by 10 percent, three percent, and nine percent respectively, from 2016/2017; oat production is forecast to rise by 12 percent. Total imports are forecast to climb six percent to make up for a drop in domestic supply and production in 2017/2018. Total exports are forecast to increase modestly by just under two percent due to strong beginning domestic stocks of wheat and barley. Total supply of wheat, corn, barley and oats is forecast to decrease by 2.7 percent at 66 MMT as increased carry-in is expected to partly offset the drop in production. In general, the impact on grain prices in Canada continues to be partly mitigated by the weaker Canadian Dollar.
