Canada: Grain and Feed Update
Total production of Canadian wheat, barley, corn and oats is forecast to increase to 54.4 MMT in 2016/17, up 3 percent from marketing year 2015/16. The expected rise in production is attributed to stronger wheat and barley yields despite lower acreage in both of these crops. Quality issues with oats and wheat may pose a challenge for what remains to be harvested due to excess moisture. Expect to see corn production down in 2016/17 from last year with a return to average export levels as the Canadian Dollar strengthens. Snow and heavy rain has made for a staggered harvest in Saskatchewan and parts of Alberta. A more spread out harvest should help avoid any bottlenecks with shipping as industry consultations on Canada’s Fair Rail for Grain Farmers Act continue through the fall.
