Thanks to favorable weather in Canada 10% increase wheat production

statistics Canada (Statcan) increased the forecast of wheat harvest to the highest for 112 years, however, reduced in comparison with the last year of production estimates of soybean and canola. It is expected that the harvest of corn, barley and oats will also increase.

the experts of the Bureau for a preliminary assessment of yield and crop forecasts to 2020, used tested satellite technology, not data from a survey of farmers.

Thanks to the favorable weather in most provinces, with the exception of certain areas of Saskatchewan, the yield of all crops will increase or remain the same as last year.

According to the published report, in the main provinces producing grain crop condition is much better or the same as last year, although the condition of the crop in Eastern Canada is worse than average.

it is Expected that in 2020, thanks to increased acreage and good yield of winter and durum wheat production in Canada will increase in comparison with the previous year by 10.5% to 35.7 million tonnes, which will be the second biggest record of the last 100 years.

sowing Area was increased by mild winters and minor losses of winter crops, which offset the reduction in sowing areas of spring wheat.

Statcan predicts that in comparison with last year the yield of wheat in Canada will grow by 8% to 3.62 t/ha, while the area for harvest by 2.3% to 9.8 million hectares.

the Increase in planting acreage and yield of barley will increase its production compared to the previous year by 1.6% to 10.5 million tonnes, which will become the second figure after the record-breaking 11.7 million tons in 2008.

the Forecast of gross yield of canola compared to the previous year decreased by 0.4% to 19.4 million tons due to reduced planting acreage of 1.6%, which will be partially offset by an increase in yield by 1.2% to 2.8 t/ha.

soybean Production will decrease by 1.4% to 6 million tonnes of the reduction in sowing areas by 12.5% to 1.9 million hectares, which is offset by an increase in yield of 12.6% up to 3 t/ha.

Forecasts Statcan meet the expectations of the traders, therefore, will have little effect on price trends, although the increase in wheat production will increase pressure on the world quotes.