Statistics Canada latest crop estimate pegs canola production at 18.3 million tons, up from an earlier survey of 17 million tons.
Ken Ball is a broker with PI Financial in Winnipeg.
He says this is StatsCanada’s second stab at a model based crop estimates report, and it has no surprises.
The model based report looks at satellite data and Ball says it’s still not a “proven” science.
Ball expects the industry will pay little attention to the StatsCan report, since it falls within expectations.
Some of the highlights from the StatsCan model based crop estimates report:
Spring wheat production is estimated to be 20.6 million tonnes this year, up 3.9 per-cent from 2015, mainly as a result of a higher estimated average yield across the Prairies.
Spring wheat production is expected to increase in Alberta and Manitoba, but decline by almost 3 per-cent in Saskatchewan.
Average yield in Saskatchewan is anticipated to be up 10.6% compared with 2015 to 43.3 bushels per acre.
An anticipated 12 per-cent decline in harvested area is expected to offset the higher yield.
Durum wheat production at the national level is expected to be 7.3 million tonnes in 2016, up 35.7 per-cent from 2015.
Canola average yield for 2016 is up 4.2 per-cent from 2015 to a record 41.1 bushels per acre.
Barley production is estimated to increase 4.4 per-cent from 2015 to 8.4 million tonnes in 2016, because of a 5 per-cent rise in expected average yield to 68.3 bushels per acre.
Oat production is anticipated to decrease 13.4 per-cent from 2015 to 2.9 million tonnes this year, a result of a 12.5 per-cent decline in reported harvested acres to 2.2 million acres.
Average yield is expected to edge down to 84.8 bushels per acre.