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Source: Agriculture and Agri-Food Canada (AAFC)

Grains and oilseeds outlook

Production of grains and oilseeds (G&O) for 2008-09 in Canada is forecast to increase to about 64 million
tonnes (Mt) from 60 Mt in 2007-08. It is assumed that precipitation will be normal for the remainder of the
growing and harvest periods, and that the abandonment rate and crop quality will be normal. Slightly
above trend yields are now expected for most crops in western Canada, due to improved moisture and
warmer weather. Normal yields are expected for eastern Canada.

Supply is forecast to decline marginally because of significantly lower carry-in stocks. Total G&O exports
are forecast to decrease, with lower exports of coarse grains more than offsetting increased durum wheat
and canola exports. Carry-out stocks are expected to increase slightly but remain at a historically low level.
World and Canadian prices for G&O are expected to remain historically high due to strong demand and
low world carry-in stocks. The main factors to watch are: expected yields and quality in western Canada,
harvest conditions, volatility of commodity markets and crop prospects for US corn and soybeans.

Full report: http://www.seedquest.com/News/releases/2008/pdf/23306g.pdf

Pulses and special crops outlook
(dry peas, lentils, dry beans, chick peas, mustard seed, canary seed, sunflower seed, buckwheat)

For 2008-09, total area seeded to pulse and special crops in Canada is expected to rise marginally from 2007-08, as higher areas for dry peas, lentils, and mustard seed are partly offset by lower areas for dry beans, chickpeas, canary and sunflower seed. Statistics Canada (STC) has provided estimates of area seeded for all pulse and special crops for 2008. Trend yields are assumed for both western and eastern Canada.

Total production in Canada is forecast to increase marginally to 4.7 million tonnes (Mt). Total supply is expected to fall marginally as lower carry-in stocks are partially offset by the increase in production. Exports are forecast to decrease marginally due to the lower supply, while domestic use is expected to remain relatively unchanged. Carry-out stocks are expected to rise marginally, but remain historically low for most crops. Average prices, over all types, grades and markets, are forecast to increase for 2008-09 for all pulse and special crops, with the exception of dry peas. The main factors to watch are growing conditions in Canada, the US, the EU, Australia, the Middle East and the Indian subcontinent.

Full report: http://www.seedquest.com/News/releases/2008/pdf/23306p.pdf

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