The November AAFC Outlook for Principal Field Crops, released late Tuesday, did not contain any material changes compared to last month. This is not a huge surprise, as Statistics Canada is expected to release updated yield and production estimates on December 4. That could set the stage for adjustments by AAFC in its next update, due on December 15.
Below is a recap of key data released in the November update.
Durum Wheat: The total supply for 2023-24 is forecasted at 4.5 million tonnes, down 29% from 2022, with production in the Prairies notably affected by dry weather. The quality and protein content are high, with over 83% of Canadian Western Amber Durum rated in the top two grades. The spot price for CWAD 1, 13% protein in Saskatchewan, is forecast at $475/tonne.
Wheat (Excluding Durum): The total wheat supply is forecasted at 29.1 million tonnes, down 8% compared to 2022. Production is just under 25.8 million tonnes due to lower yields across the Prairies. The quality of Canadian Western Red Spring wheat remains excellent.
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