Get breaking news alerts via email

Click here to manage your alerts
Canadian farmers to harvest less wheat in 2014
Agriculture » Wheat production forecast to be down 26 percent, canola 23 percent.
First Published Aug 22 2014 11:16 am • Last Updated Aug 22 2014 11:16 am

Winnipeg, Manitoba • Canadian wheat growers will probably reduce output by 26 percent this year and canola production will also fall, the government’s statistics agency said Thursday.

Wheat production will drop to 27.7 million metric tons from a record 37.5 million in 2013, Statistics Canada said in a report from Ottawa. The average estimate of 10 analysts surveyed by Bloomberg News was 29.1 million. The canola harvest in Canada, the world’s largest grower, will fall 23 percent to 13.9 million tons. Analysts had forecast 14.8 million.

Join the Discussion
Post a Comment

Growers on the prairies said excessive rains in late June were likely to limit harvests, after flooding prompted local governments in Saskatchewan and Manitoba to declare states of emergency. Canadian farmers see output at "more normal levels" in 2014 after record spring-wheat, durum and canola crops last year, Statistics Canada said.

"The report in general is below the trade’s estimates," David Reimann, a market analyst at Cargill Ltd. in Winnipeg, Manitoba, said in a telephone interview. "It’s a bit supportive to the canola market."

The report is "mildly bullish" for canola as there may not be enough supplies to maintain the current level of exports and domestic processing, John Duvenaud, the publisher of Wild Oats Grain Market Advisory, said Thursday on a conference call.

At the same time, any rally in canola prices may be limited by the "landslide" of soybeans expected from the U.S., Reimann said. Output will rise to an all-time high of 3.82 billion bushels this year, the U.S. Department of Agriculture said on Aug. 12.

Canada’s spring-wheat output will drop 27 percent to 20 million tons, while durum will fall 24 percent to 4.95 million tons. Soybean production is expected to increase to 5.9 million tons, surpassing the all-time high of 5.2 million tons a year earlier, the government agency said.

Statistics Canada said it interviewed about 12,850 farmers from July 23 to Aug. 4.

While planting in many parts of Western Canada was delayed this spring by cool weather and excess rain, warmer, drier conditions have helped fields recover, reports from Alberta, Manitoba and Saskatchewan show. More warm weather is needed as crops are 10 days to two weeks behind normal development in many areas in Saskatchewan, Canada’s largest producer of wheat and canola, the province said in an Aug. 14 report.

"The crops in general are average at best," Wayne Palmer, a senior market analyst with Agri-Trend Marketing in Winnipeg, said in an e-mailed statement before the report. It’s "a total different story this year with crop production."

story continues below
story continues below

Farmers collected record supplies of wheat and canola in 2013 amid higher average yields. Yields are expected to stay above average in 2014 even after the delayed planting and flooding in parts of the prairies, CWB said after a July tour.

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.