MarketsFarm — As expected, Agriculture and Agri-Food Canada (AAFC) avoided making any major revisions to its November supply and demand estimates, waiting until Statistics Canada issues its next production report on Dec. 2.
AAFC released its latest monthly report late Friday afternoon.
While AAFC tweaked its November supply and demand estimates from October, most of the changes were among the 2022-23 pulses and special crops. Of the pulses there were slight decreases in exports for dry peas and dry beans, while that for chickpeas was bumped up a little. In the special crops, mustard had its exports trimmed and those for canaryseed were raised slightly.
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As well, there were also some small alterations to the domestic use of dry peas, dry beans, and mustard. Endings for those three plus chickpeas, canaryseed and sunflower seeds saw minor revisions.
Among the grains and oilseeds, 2022-23 all wheat (data including spring, durum and winter wheats) saw its exports nudged up and its carryout eased back.
Table: November estimates for Canadian major crops supply and demand, in millions of metric tonnes. Source: Agriculture and Agri-Food Canada.
