The official 2019/20 Canadian Crop Estimates Reports was released last week by Statistics Canada.
Surveys of more than 13,100 farmers were conducted between July 4 and Aug 5 with the results revealing a “sharp decline” in Wheat, Soybean and Corn due to “adverse seasonal conditions”.
The culprit was the cold and wet weather across major producing areas at seeding time which led to delayed planting and poor germination, according to the survey.
Breaking the numbers down, electroverse sees a 23.1% decline in durum wheat and a staggering 31.4% fall in winter wheat. Fortunately, spring wheat looks to be up some 4.9%, which prevented the overall production number from falling off a cliff.
Canada’s canola production is expected to be 3.9% below the five-year average, soybean production is forecast to decline 14.6% and a 2% reduction is forecast for corn production, the lowest in five years.
Thanks to Jack Hydrazine for this link