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Feds Forecast Lower Field Crop Ending Stocks In Canada

Canadian field crop ending stocks are expected to be lower than a year ago.

Agriculture and AgriFood Canada puts the ending stocks down by about 3 and a half million tons from 2014-15.

Federal officials expect the area seeded to grains this year will decrease slightly from the previous crop year while oilseed and pulse acreage is expected to go up.

Carry out corn stocks are forecast to increase by 43 per cent - close to the all-time record set in the 2005-06 crop year.

The department expects corn seeded acreage to drop by 4 per cent and total production to be 11 per cent lower because of the lower area and lower average yields.

The Chatham corn price is forecast to fall from 2015-16 because of softer U-S corn futures prices and a slight strengthening of the Canadian dollar.

Total wheat carry-out stocks are forecast to fell by 51 per cent to 3 million metric tonnes.

Total seeded acreage in Canada is expected to drop by 2 per cent in 2016-17, despite a 24 per cent increase for winter wheat - most of that in Ontario.

Projected Canadian ending stocks for soybeans remain unchanged from the department's March forecast.

2016-17 soybean planted acreage is expected to be up 4 per cent, although production is now forecast to fall by 8 per cent.

Government analysts say that's based on the yields dropping back to more average levels from last year's bumper yields.

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