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Stats Can Releases Latest Model-Based Principal Field Crop Estimates

Statistics Canada released its model-based principal field crop estimates on Tuesday.

Overall, the report shows Canadian farm operators are projected to produce more corn for grain in 2021, but less wheat, canola, barley, soybeans and oats than in 2020, according to recent yield models using satellite imagery. Lower production has largely been driven by ongoing drought conditions in Western Canada, which are expected to lead to a decrease in yields.

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2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!

Video: 2026 USDA June Crop Report Neutral + U S HRW LOWEST SINCE 1965!

There were no big surprises in the USDA June report as it historically is not a market moving report, but U.S. HRW production was lowered by 18 million bushels. The June USDA crop report was neutral- higher global stocks & South American production offset lower U.S. wheat and higher U.S. corn exports.
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