Canada: Grain and Feed Update
Wheat production in 2016/2017 was up 15 percent from 2015/2016 at 31.7 MMT as stronger yields made up for a seven percent drop in harvested area. Post expects fewer exports of wheat for 2016/2017 as quality in the major wheat producing provinces of Western Canada was hurt by frost, snow and excess rain delaying the fall harvest. Post expects to see a five percent drop in exports due to both smaller carryin stocks from 2015/2016 and quality issues as a result of the difficult 2016/2017 harvest. However, Post is also forecasting fewer imports of wheat in 2016/2017 due to higher production coupled with fewer export volumes.
