MarketsFarm — Agriculture and Agri-Food Canada has slightly adjusted its supply/demand estimates for November.
AAFC published its latest Outlook for Principal Field Crops on Tuesday.
Of Canada’s major crops, the department left the 2023-24 ending stocks for canola at one million tonnes and all wheat at 3.6 million, while all other reported crops were left unchanged.
Exports for 2023-24 were much the same, with canola standing pat at 7.7 million tonnes and all wheat at 21.3 million. There were small tweaks to barley, easing back to 2.73 million tonnes and oats dipped to 2.4 million.
As for this year’s domestic usage, AAFC included several slight alterations but left canola at 10.274 million tonnes and all wheat at 8.718 million. The revisions came with barley raised to 5.471 million tonnes, along with oats at 985,000, soybeans at 2.424 million, dry peas at 635,000 and lentils at 284,000. Meanwhile, corn was trimmed to 15.509 million tonnes.
The November report is AAFC’s last before Statistics Canada issues its survey-based production report, scheduled for Dec. 4.
Tables: November estimates for Canadian major crops’ supply and demand, in millions of metric tonnes. Source: Agriculture and Agri-Food Canada.
