Ottawa, Canada
November 15, 2007Source:
Agriculture and
Agri-Food Canada (AAFC)
Grains and oilseeds outlook
For 2007-08, total production of
pulses and special crops in Canada is estimated to increase by
12% from 2006-07 to 4.58 million tonnes (Mt), based on
Statistics Canada’s (STC) September production estimates, except
for buckwheat which is an AAFC forecast. STC’s yield estimates
are generally lower than trend. Compared to 2006-07, yield
estimates are lower for dry beans, chickpeas, mustard seed,
canary seed and sunflower seed, but higher for dry peas and
lentils. Crop abandonment is estimated to be lower than normal.
The harvest is generally complete. Quality was generally lower
than for 2006-07, but higher than normal.
Total supply is expected to decrease by 4% to 5.34 Mt due to
lower carry-in stocks, causing exports, domestic use and
carry-out stocks to decrease. Average prices, over all types,
grades and markets, are forecast to increase from 2006-07 for
dry peas, lentils, dry beans, mustard seed, canary seed,
sunflower seed and buckwheat, but decrease for chickpeas. The
main factors to watch are currency exchange rates, ocean
shipping costs and crop conditions in Australia, India, Pakistan
and Mexico.
Full report:
http://www.seedquest.com/News/releases/2007/pdf/20951g.pdf
Pulses and special crops
outlook
Total production of grains and
oilseeds (G&O) in Canada in 2007-08 is estimated at about 61
million tonnes (Mt), slightly lower than 2006-07 and slightly
above the 10-year average. In western Canada, production is
similar to last year at 45 Mt, with eastern Canada marginally
lower than last year at 16 Mt. The supply of G&O in Canada for
2007-08 is expected to decrease by about 8% from last year due
to lower carry-in stocks and production. Exports are forecast to
fall by 14%, due mainly to lower exports of wheat. Domestic use
is expected to rise due to increased use of corn and wheat for
ethanol production. Prices for most crops are expected to be
significantly higher than in 2006-07. The major factors to watch
are: the Canada/US exchange rate, moisture conditions in the US
winter wheat belt, southern hemisphere crop development, Asian
demand, the bio-fuel market and ocean freight rates.
xFull report:
http://www.seedquest.com/News/releases/2007/pdf/20951p.pdf |
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