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WINNIPEG, MB, Apr 28, 2008 (Resource News International via COMTEX) -- Canadian grain and oilseed production in the 2008/09 (Aug/Jly) crop year will be higher than the 2007/08 level, but has been reduced from a forecast made in early March, according to updated supply/demand balance sheets from the market analysis division of Agriculture and Agri-Food Canada dated April 25 but released on April 28. Revisions to the supply/demand tables were attributed to the 2008 acreage projections for Canada released by Statistics Canada on April 21. Production of the eight major grains and oilseeds in 2008/09 was forecast at 63.505 million metric tons. This was down from the 64.760 million tons projected on March 6 and compares with the 2007/08 level of 59.958 million. The eight major grains and oilseeds include: canola, flaxseed, soybeans, wheat, oats, barley, corn and rye. Total exports for 2008/09 of the eight major grains and oilseeds were pegged at 29.725 million metric tons, down slightly from the March projection of 30.100 million but above expectations for 2007/08 of 29.000 million. Total domestic usage of the grains and oilseeds for the 2008/09 crop year were estimated at 36.986 million metric tons, which would be down from the March forecast of 37.770 million. Domestic usage in 2007/08 was expected to hit 37.165 million tons. Ending stocks of the eight major grains and oilseeds in 2008/09 were pegged at 9.375 million metric tons. This was down from the March projection of 9.870 million tons and compares with the 2007/08 forecast of 9.695 million. April 25 estimates for Canadian 2008/09 (Aug/Jly) and 2007/08 grain and oilseed supply and demand. Domestic usage numbers include food and industrial use as well as feed, waste, and dockage. In million metric tonnes. Source: Agriculture and Agri-Food Canada. ----Production---- ----Exports----
2008/09 2008/09 2007/08 2008/09 2008/09 2007/08
Apr 25 Mar 06 Apr 25 Mar 06
*All Wht 25.850 25.150 20.054 17.150 16.900 15.200
Durum 5.150 5.300 3.681 4.150 4.200 3.200
Barley 10.400 12.100 10.984 2.300 2.600 2.800
Corn 9.850 9.600 11.649 0.300 0.300 0.500
Oats 3.650 4.000 4.696 2.150 2.200 2.400
Rye 0.280 0.270 0.233 0.125 0.150 0.200
Canola 9.500 9.450 8.751 5.500 5.700 5.500
Flaxseed 0.705 0.860 0.634 0.600 0.650 0.700
Soybeans 3.030 3.060 2.696 1.600 1.600 1.700
----Domestic Usage---- ----Ending Stocks----
2008/09 2008/09 2007/08 2008/09 2008/09 2007/08
Apr 25 Mar 06 Apr 25 Mar 06
*All Wht 7.825 7.475 7.407 5.200 5.100 4.300
Durum 0.801 0.801 0.916 1.000 1.100 0.800
Barley 8.235 9.335 8.421 1.200 1.500 1.300
Corn 12.350 12.200 12.892 1.100 1.400 1.700
Oats 1.810 2.010 1.870 0.700 0.800 1.000
Rye 0.176 0.121 0.119 0.040 0.060 0.060
Canola 4.300 4.300 4.246 0.900 0.650 1.050
Flaxseed 0.170 0.174 0.182 0.085 0.185 0.135
Soybeans 1.880 1.885 1.766 0.150 0.175 0.150
* - Includes Durum
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Resource News International Copyright 2008 Resource News International Please read the End User Agreement. News provided by COMTEX |
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