July 7, 2011

Canada's 2011-12 grain and oilseed output reduced

Production of the major grains and oilseeds in Canada during the 2011-12 crop year will be down from the levels forecasted in June, but will remain above the level achieved during the 2010-11 season, according to updated supply / demand tables from Agriculture and Agri-Food Canada's market analysis division.

Production of the eight major grains and oilseeds in 2011-12 were projected at 64.055 million tonnes, the report released late on July 5, said. This was down from the 66.105 million tonnes forecast in early June but still above the 2010-11 level of 61.868 million.

The eight major grains and oilseeds include: rapeseed, flaxseed, soy, wheat, oats, barley, corn, and rye.

Ending stocks of the eight major grains and oilseeds in 2011-12 were pegged at 8.480 million tonnes, which would be down from the June projection of 9.460 million and the 2010-11 forecast of 9.980 million.

Total exports of the eight major grains and oilseeds in the upcoming 2011-12 crop year were projected at 31.600 million tonnes. This would be a decline from the 32.225 million tonnes estimated in June and the 33.123 million forecast for 2010-11.

Total domestic usage of the various grains and oilseeds for the 2011-12 crop year was estimated at 35.961 million tonnes. This was lower than the June projection of 36.591 million tonnes and below the 2010-11 estimate of 36.298 million.

July 5 estimates for Canadian 2011-12 and 2010-11 grain and oilseed supply and demand. Domestic usage numbers include food and industrial use as well as feed, waste, and dockage.