Highlights
Statistics Canada reported yesterday the 2024 Canadian corn crop is 15.229 million mts, down 1.2% from last year. The average estimate was 14.967 million mts with a range of 14.6-15.4 million.
The Canadian soybean production is 7.15 million mts, up 2.4% from 2023, but 58,000 mts less than the average estimate. The range of estimates was 6.9 and 7.45 million mts.
All wheat production at 34.373 million mts, 752,000 mts less than expected, but considerably more than the 2023 crop of 31.954 million mts. Spring wheat production came in at 25.351 million versus the average estimate of 26.6 million mts and 24.762 million in 2023.
Yesterday morning, the USDA announced the sale of:
264,000 mts of new crop soybeans to China
100,000 mts of new crop corn to Colombia
165,735 mts of new crop corn to Mexico