Ottawa, CA — Canada's production of wheat and oats may increase 30% in marketing year (MY) 2022/23 unless dry conditions persist in major wheat-growing areas in the prairies.
The April 29 projection by the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA) is based on an increase in area planted to spring wheat, durum, and oats and improved soil moisture.
But dry conditions persist in Alberta and Western Saskatchewan, and many farmers are behind in their planting schedule, due to unfavorable weather.
The MY 2021/22 wheat ending stocks-to-use ratio is also forecast to reach an 83-year low.
Corn import volumes from the United States are up nearly 330% marketing year-to-date (August 2021 to February 2022) due to reduced domestic supplies of feed caused by drought.
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