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We evaluate the Canadian common wheat value chain at several distinct steps, tracing the impact through the value-added sectors of milling, starch/ethanol, further processing of flour in bakeries and dough/mixes and for direct flour retailing, and processing for livestock feed.
Wheat (excluding durum) For 2021-22, Canadian wheat production is estimated to decline 36% from 2020-21 to approximately 18.2 Mt, as drought across the Prairies negatively impacted yields this past harvest; over 80% of the crop is produced in Western Canada. By province, Saskatchewan accounted for 33% of the wheat produced this year, Alberta for
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On behalf of Cereals Canada, LMC International undertook a study to assess the impact of domestically grown common wheat, durum wheat, barley and oats on the Canadian economy.
The average Canadian Western Red Spring Wheat (CWRS) 1, 13.5% spot price in Saskatchewan for the 2021-22 crop year was raised to $415/tonne on continued strength in cash prices and Minneapolis nearby contracts. For 2022-23, Canadian area seeded to wheat (excl. durum) is forecast to increase 5% year over year to 7,598 Kha.
SK Canadian Western Red Spring Wheat (CWRS) 1, 13.5% spot price for the 2021-22 crop year was raised 5$ to $420/tonne. For 2022-23, Canadian area seeded to wheat (ex. durum) is forecast to increase 5% year over year to 7,598 thousand ha. Area seeded to winter wheat is estimated at 547 thousand hectares (ha) (+1%),
Farm inventories, bolstered by higher production of wheat and canola, posted their largest quarterly increase in over sixty years. Non-residential business investment continues to recover during the first half of year (Chart 2).
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buildups contributed substantially to growth in late 2021 as stockpiles rose in manufacturing and wholesaling (Chart 1). Trade volumes ramped up in late 2021 as exports and imports posted their largest quarterly increases since the economy emerged from the initial lockdowns. Total exports rose 3.2% in the fourth quarter, up from 1.7% in the third.
