Total Canadian wheat production is estimated at 33.8 MMT in 2022, the largest crop since 2020 and the third highest production on record but down 900,000 MT from the September forecast and at the bottom end of trade estimates. Spring wheat output was trimmed 421,000 MT from Statistic Canada’s September forecast to 25.679 MMT. The major cut came in the durum crop estimate, which at 5.443 MMT was cut from 6.1 MMT in September.
Canadian canola production is estimated at 18.17 MMT, down from the 19.1 MMT forecast in September and below even the lowest trade estimate. Despite improved growing conditions overall relative to 2021, weather in the southwestern and west-central Saskatchewan and southern Alberta remained dry, negatively impacting crop output.
