Canadian farmers are projected to harvest more corn for grain, but less wheat, canola, soybeans, barley and oats this year. Lower production numbers are driven largely by ongoing drought conditions in western Canada, which is decreasing yield projections. The latest report from Statistics Canada puts wheat production down 34 percent from last year and at a 14-year low. Both barley and oat production are projected to decrease. Canola production is expected to fall 24 percent from a year ago to 14.7 million tonnes. This is the lowest production level seen in Canada since 2012. Corn for grain production is projected to increase slightly to 13.7 million tonnes in 2021, while soybean production is expected to decrease 8.4 percent year-over-year to 5.8 million tonnes.
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