Canada: Grain and Feed Update
This Grain and Feed Update reflects the latest Statistics Canada data on area planted (released June 29 2016), on stocks of field crops (released on May 6, 2016), and the year to date trade data (until May 2016 from Global Trade Atlas). June planting surveys suggest that total area seeded to wheat, barley, corn and oats in 2016 will be 14.5 million hectares, 4.1% lower than 2015 seeded area. A return to more normal abandonment rates is expected to partially offset this decrease. Post forecasts area harvested to reach 13.924 million hectares, 2.62 percent below 2015 levels.
Australia: Grain and Feed Update July 2016
Australian wheat production in 2016/17 is forecast by Post to reach 26 million MT, a revision on the official estimate because of significantly more favorable seasonal conditions across virtually all cropping areas. Similarly, barley production in 2016/17 is forecast to increase to nine million MT due to considerable rainfall and improving soil moisture. For 2016/17, the sorghum harvest is forecast at 2.1 million MT, below the official forecast because of uncertain export demand. In 2016/17, the rice crop is forecast to recover to 450,000 MT on a milled basis due to improved water availability and better seasonal conditions.