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Ag Canada 2010 Forecast

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    Ag Canada 2010 Forecast

    Production of Canadian wheat, durum, barley, canola and flaxseed will likely decline in 2010, says the latest Canada: Grains and Oilseeds Outlook from Agriculture Canada.
    Its early forecast has durum production at 4.1 million tonnes in 2010/11, down from 5.4 million in 2009/10. All wheat production is estimated at 24.7 million down from 26.515 million.
    Despite an increase in acreage, Ag Canada sees barley production coming in at 9.45 million tonnes in 2010/11. That would be a 0.68 million tonne drop from the previous year.
    Canola production is estimated at 11.3 million tonnes in 2010/11, down 0.525 million, while flaxseed would fall to 0.625 million from 0.930 million in 2009/11.
    Oats production will increase to 3.85 million tonnes in 2010/11, from 2.798 million the previous year, says Ag Canada.
    Canadian farmers are expected to produce 11 million tonnes of corn in 2010/11, up from 9.561 million in 2009/1
    Soybean production is estimated at 3.675 million tonnes, up from 3.504 million in 2009/10.

    Also a US crop comment ...U.S. farmers grew record-large corn and soy crops in 2009 but production in 2010 could be even bigger, aided by an El Nino weather pattern that is typically a boon to the Midwest but less so for growers in Australia and southeast Asia, a forecaster said on Thursday, says a Reuters story.
    Allen Motew, meteorologist at QT Weather, forecast a dry U.S. spring, which should minimize problems at planting time, followed by a favorably wet summer growing season. "It's exactly what we need to increase (crop) yields," said Motew..
    Temperatures in the U.S. Corn Belt are expected to be mostly below normal this summer, while precipitation will be above normal.
    "We have a double-whammy here -- colder and wetter," Motew said. "The odds say we are going to have quite a good year." Read more of the story here


    Not more cold weather!

    #2
    Forecasters and predictors...best guess at the best of times. Crystal-ball gazers who get paid for doing next to nothing.

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