Stats Can Production

[SASKFARMER3]

It's not a big crop their lying to everyone.

[bucket]

Vvalk

I concur with your comments....to paraphrase.....there's a lot of bullshit being slung....

If railways went to 1 million tonnes a week....they would empty the elevators in two weeks....guys are holding grain and it's in tight hands....

[grefer]

No matter the real number perception is reality in the markets.

[sumdumguy]

Seems like...

CNS Canada — Canadian canola and wheat production likely ended up larger than earlier estimates, according to computer model-based data released Tuesday by Statistics Canada.

The model-based estimates are calculated by incorporating satellite data, agro-climate data, and Statistics Canada’s field crop reporting data. The numbers compare with the survey of farmers released Aug. 31.

Total canola production is now forecast at a record 19.7 million tonnes, compared to 18.2 million forecast in August, and the year-ago level of 19.6 million.

Canadian all-wheat production (including durum) was raised to 27.1 million, from 25.5 million. Wheat production in 2016 came in at 31.7 million tonnes.


“We’re still seeing the impact of the drought, but it’s just not as dramatic,” said Bruce Burnett, director of markets and weather with Glacier FarmMedia, on the increased yields from August.

“It fits in with what the trade was expecting (and) the trade still thinks the numbers will go higher from here.

“I don’t think it changes the overall market picture all that much,” he added. While canola production may be at a new record, he said demand remains strong as well and supplies will not be considered burdensome.

“The feeling from the field over the course of the harvest is that yields are coming in better than expected,” said analyst Mike Jubinville of ProFarmer Canada.

“I don’t think we’re done yet,” he added, noting “I think we have a (canola) crop of over 20 million tonnes.”

— Phil Franz-Warkentin writes for Commodity News Service Canada, a Winnipeg company specializing in grain and commodity market reporting. Follow him at @PhilFW on Twitter.

Yep, computer-based data! Hate to say it but I am suspicious of these predictions. I worked a farm program where we used satellite imagery to identify crops. Our picture data turned up forage for barley and we swore off thousands of acres of barley in Alberta and argued with farmers until they proved us wrong. Inconsistent crop stages gave inaccurate results on our computer-generated identification, it may have improved or here we go again.

[sumdumguy]

No big yields around here. Lots of reseeded puny, spindly fluff in the field that will yield 10 bushels. Wonder what the computer model aays about those acres?

[farmaholic]

Are the Merchants too short on a short crop?

[mcfarms]

Going to go out on a limb here and say the crops are worse that the trade says they are and better than the farmers says they are.

[Crazyharrows]

Mcfarms you it the nail on the head!

[sumdumguy]

Are the Merchants too short on a short crop?

Could be!