By Adriano Marchese
OTTAWA--Canadian farmers are projected to produce more corn for grain and soybeans, but less wheat, canola, barley and oats, compared with 2022, with the decreased production owing largely to dry conditions in Western Canada.
In parts of the Canadian prairies, lower-than-average precipitation and high temperatures have resulted in poorer crop conditions than last year, Statistics Canada said Tuesday. In eastern Canada, crop development is considered to be similar- to lower-than-normal, the data agency said.
Nationally, wheat production is forecast to fall by 14.2% from last year to 29.5 million metric tons. The harvested area is expected to increase by 5.6% to 26.3 million acres. The anticipated decrease in total wheat production is largely attributable to spring wheat, which is predicted to fall by 14.5% to 22.1 million tons, StatsCan said.
Canola production in the country is projected to drop by 6.1% to 17.6 million tons, with yields set to fall 8.8% to 35.4 bushels an acre.
National soybean output is estimated to increase 2.9% on-year to 6.7 million tons, with yields estimated to fall by 3.5% to 44.3 bushels an acre while the harvested area is anticipated to increase 6.8% to 5.6 million acres.
Corn for grain production is expected to increase 1.3% to 14.7 million tons, while yields are projected to drop to 156.1 bushes per acre, which represents a 2.7% decline, Statistics Canada said. Meanwhile, harvested area is expected to rise to 3.7 million acres.
Data on final acreages for 2023 are scheduled to be released Dec. 4.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
08-29-23 0907ET
