Bumper Crop Yield on the Horizon
Now for some good news!
The forecast for this year’s crop continues to look good with analysts predicting near record production for Western Canadian farmers, with impressive yields reported across major grain-growing regions. Industry analysts have highlighted significant improvements expected for this crop year, particularly in spring and durum wheat.
Based on Statistic Canada’s latest acreage estimates and average abandonment, durum yields are estimated to reach 44 bushels (bu.) per acre, which would be an 18 bu. improvement over last year. This would translate into a crop of 7.4 million tonnes and would be the second largest in the past 10 years, ranking behind the 2016 crop.
Spring wheat yields are forecast at a record 57 bushels per acre, up 10 bu. from last year and driving production to 27.8 million tonnes (a 3.4 million tonne improvement over last year).
While the overall outlook for canola remains positive, concerns remain about potential impacts from recent conditions with some of the late-seeded plantings. Overall canola yields are anticipated to reach 42 bushels per acre and a crop of 20.6 million tonnes, which would be an improvement of 5 bu. and approximately 2.3 million tonnes from last year.
Barley yields are forecast at 74 bushels per acre, up 12.6 bu. from last year. Production is estimated at 8.1 million tonnes.
Now let’s just hope all this grain doesn’t have to wait too long for a ride to the port.
You can check out all the latest grain numbers from Statistic Canada here.