Tuesday, December 6, 2011

Soft Commodity production (final tally) for 2011

It was well known that 2011 was an excellent year for Canola and Wheat production in Canada each seeing an increase of 10.7% and 9.1% respectively -- partly because of increased of acreage 9% and 5% respectively, but also because of increased yields.

Soybean and corn has been a different story (Quebec and Ontario) that saw a slight drop in production despite "substantial increase in acreage"  the drop of 2.7% is not significant but the cost of production (fuel) means that the impact on Quebec and Ontario farmers has been significant.

Strong production of  Canola and Wheat (especially Durum) has been a boom to Western Canada farmers -- that were able to take full advantage of the summer's high grain prices (since then much lower).

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