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Stats Can releases November production of principal field crops report

Canadian farmers reported producing more corn for grain and soybeans, but less wheat, canola, barley, and oats in 2023. Lower production for most crops was driven largely by lower yields, especially in Western Canada where growing conditions were generally drier than in 2022.

Throughout the growing season in 2023, dry conditions across much of Western Canada contributed to lower yields compared with 2022. Warm and dry conditions allowed farm operators to complete harvests in a timely manner across most of the prairies. In parts of Eastern Canada, adequate moisture and warm temperatures resulted in good yields, although some parts of Quebec and the Atlantic provinces may have been affected by above-average precipitation.

Wheat harvest decreases on lower yield

Total wheat production fell by 6.9% to 32.0 million tonnes in 2023, attributable to lower production in the Prairies, likely because of dry conditions. Lower yields (-12.1% to 44.5 bushels per acre) offset the higher harvested area (+6.0% to 26.4 million acres).

Saskatchewan wheat production fell by 6.7% to 14.2 million tonnes. Yields decreased by 12.4% to 37.5 bushels per acre, offsetting higher harvested area, which rose by 6.4% to 14.0 million acres.

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.