Canada Says Wheat Production to Fall Less Than Forecast in 2015Jen Skerritt
Canada’s wheat production this year will fall less than previously forecast, while canola output will increase, the government said.
Wheat output will drop 6.2 percent to 27.6 million metric tons from 29.4 million in 2014, Statistics Canada said Friday in a report. In October, the agency forecast 26.1 million. Six analysts in a Bloomberg News survey expected 26.7 million, on average.
Canola production will rise 5 percent to 17.2 million tons, the government said. In October, the forecast was 14.3 million. Analysts projected 15.2 million.
The government surveyed 26,400 farmers from Oct. 21 to Nov.
12. Canada is the world’s top canola producer and one of the biggest wheat growers.