Agriculture and Agri-Food Canada made several upward adjustments to its supply and demand estimates, after including the data from the Statistics Canada production update earlier this month.
Farm cash receipts in the first half of the year were up 3.3 per cent over the same period last year buoyed by livestock receipts. Overall receipts between January and June totalled $49.6 billion, up $1.6 billion from the same period last year, Statistics Canada reported.
Canadian farmers are forecast to harvest more canola in 2025/26, while there’s to be less wheat, Statistics Canada said in its crop production report on Aug. 28.
In something of a surprise, Statistics Canada lowered its projection for planted canola acres in 2025/26, with other oilseeds reaping some of the benefits. As well, StatCan adjusted its numbers for Canadian wheat.
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