The production of soft wheat will reach 23.8 million tonnes, which is 1% less than in the current season. The decline is due to reduced yields that will be at the lowest level for the past 7 years. Wheat quality is expected to be good.
Wheat supply in the new season will increase by 1% due to high initial stocks.
The export potential of wheat also rises by 5% to 16.2 million tonnes.
Ending stocks remain at a high level, with no change from the current season to 4.5 million tonnes.
The production of hard wheat will be 5.7 million tonnes, given 7.762 million tonnes in the current season, export - 4.7 million tonnes (4.4) and ending stocks - 2.1 million tonnes (2.4).
According to Oil World, in the current season the canola sowing campaign is slow due to bad natural conditions. As of May 16th, 2017 In the province of Alberta sowing is completed on 22% of the planned areas, given 67% a year earlier. Canola processing in Canada reached 748,000 tonnes in April (the highest level for the last 8 months), which is 130,000 tonnes over the April 2016 figure. From the beginning of the season (August 2016), the total canola processing was 7 million tonnes, given 5.5 million tonnes as average figure for the past 5 years.