Agriculture and Agri-Food Canada (AAFC) has updated its forecast for this year’s crop, reflecting the impact of drought in Western Canada in its August numbers.
AAFC’s July report garnered more attention than normal, with a 19.9 million metric tonne (MT) canola production estimate coming in much higher than any other canola projections.
In the outlook released August 26, AAFC has reduced its 2021-22 canola production estimate down to 15 MT.
AAFC also made a major adjustment to its wheat estimates.
The all-wheat-except-durum category was slashed from 25.6 MT to 16.4 MT, while durum saw a significant drop from 5.8 MT to 3.8 MT.
Soybeans and corn stayed relatively the same, with slight decreases. Soybeans went down from 6.2 MT in July to 6.0 MT, while AAFC adjust its corn production estimate from 14.3 MT to 14.2 MT.
Meanwhile, Statistics Canada will release its satellite model-based crop production estimates on Monday, August 30.