Statistics Canada has raised its 2023 Canadian oat and barley production estimates from earlier expectations, with barley seeing a particularly sharp increase.
The federal agency’s final crop production report for the 2023 season on Monday pegged this year’s national barley crop at 8.89 million tonnes, up more than 1 million from the September forecast of just 7.84 million but still 10.9% below a year earlier. Meanwhile, the oat crop is now estimated at 2.63 million tonnes. That is up from 2.43 million in September but remains almost 50% below a year earlier and the lowest output in more than 10 years due to a steep decline in planted and harvested area.
At 6.66 million acres, barley harvested area saw a minor increase from 6.57 million in September but the average national yield jumped to 61.3 bu/acre from 54.8 bu – although still almost 13% below last year’s 70.4 bu average. Oat harvested area was little changed from September at 2.03 million acres, while the average yield was bumped up to 84.1 bu/acre from 77.1 bu but remains down from last year’s 97.8 bu.
Today’s barley estimate landed above the high end of pre-report trade guesses that ranged from 8 million to 8.8 million tonnes. Trade guesses for the oat crop ranged from 2.6 million to 2.7 million tonnes.