Canada's farmers expect one of the biggest grain crops this year at all. This is the result of a Reuters survey of 12 analysts and traders. Inventories are built up keep.
Greenhouse-like weather in Western of Canada suggests that in this year the second largest wheat harvest comes together for 25 years; Canola (rapeseed) is expected the second-largest crop ever. Without a doubt, there is an average crop this year, experts agree.
You come to the conclusion that the Canadian total harvest will be 30 million tons of wheat. That is nine percent more than in last year. The canola production is around 4.5% greater than expected and reached 18 million tons.
Representatives of associations already ensure that the Canadian national railway company provides sufficient transport capacity, to carry the crop to the seaports. Record in 2013, the farmer lived through a nightmare, as the selling harvest could not be transported.
Because the offerings of wheat on the world market are already too high, we may keep a buyer's market. A large canola crop could now rapidly again build the small surpluses from the previous year.
