Canada: Grain and Feed Update
Due to a combination of lower area seeded/harvested, as well a as return to normal yields, the latest information from Statistics Canada puts the 2014/2015 wheat, barley, corn, and oat crop at 48.7 million metric tons (MMT), 26 percent below the previous year’s crop of 65.9 million metric tons. High carry-in stocks are off-set by lower production levels resulting in total exports dropping 8 percent to 26.0 MMT from 2013/2014 levels of 28.5 MMT. Imports of wheat, barley and corn are forecast to increase in marketing year 2014/2015 due to lower domestic supplies than the previous year. Corn in particular is forecast to increase 47 percent due to lower domestic supplies, low prices, and steady demand from the feed and biofuel industries.