02.
12.16
10:42

Harvest estimates in Canada pure luck

Canada's wheat and canola crop survived the early onset of winter in October. According to a Reuters survey, the harvest volume is higher than in the previous year.
Next Tuesday, Statistics Canada will release its final estimate of crop for 2016. The industry expects an above-average crop yield of 30.7 million tons. That would be more than in the previous estimate in August. The previous year's harvest would be surpassed by 11%.
The canola-(rape seed) harvest would mark a record for Canada with 18.8 million tons. In August, it was still by 17 million tons. Now, there were 2% more than in the previous year.
In the farming provinces of Alberta and Saskatchewan, it came to an early onset of winter with lots of snow in October. The harvest had to be interrupted. An unusually warm November then but allowed the recovery of harvest, so almost anything without serious damage a second-hand could be.
Because you don't really know how many areas were not harvested, becomes the official estimate of pure luck.
Canada is the world's largest exporter of canola and in this year of the world's fourth-largest wheat exporter. The international grains Council IGC sees global supply situation with grain and oilseeds at a high level.

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