Browse Data and Analysis

In marketing year 2023/24, wheat production fell seven percent from the previous year to 31.95 million metric tons as severely low soil moisture in vast sections of Alberta and Saskatchewan reduced yields.

Adverse weather conditions and lower domestic prices will constrain Colombia's corn production in market year (MY) 2023/2024, which is estimated to remain flat at 1.5 million metric tons (MMT).

Brazil has recently started planting its corn crop for the 2023/24 season. However, due to high production costs and lower expected earnings, profit margins are under pressure. As a result, Post predicts a decrease in planted area, with production for the next season estimated to drop from 135 MMT (MY 2022/23) to 130 MMT (MY 2023/24).

FAS Ottawa forecasts total wheat production to be 31.1 million metric tons (MT), down ten percent year-over-year (y/y) on lower yields due to widespread drought across the prairie provinces.

Argentine wheat production in marketing year (MY) 2023/24 is expected to drop to 14.5 million tons, 2 million tons below USDA’s official volume due to a dry environment in a vast area of the country.

FAS (Post) revises Venezuela corn and rice production higher for market year (MY) 2023/2024 due to improved access to higher-quality agricultural inputs and seeds, and favorable weather conditions.

The Canadian Food Inspection Agency is seeking feedback on proposed guidance that clarifies which plant-derived feed ingredients require a pre-market assessment, as per the Feeds Act and Feeds Regulations.

Corn, rice, and sorghum production forecasts for marketing year (MY) 2023/2024 are increased, while wheat production is forecast lower based on less planted area.

U.S. rough rice exports have plummeted and the decline of Costa Rican rice production has accelerated sharply following the Government of Costa Rica’s August 2022 tariff rate reduction on imported rice from all origins.

On July 28, 2023, the Government of Mexico (GOM) notified a revised NOM-187 to the World Trade Organization and opened a 60-day comment period. NOM-187 establishes the sanitary and commercial requirements for products made from nixtamalized corn and for the establishments that produce these products.

Improved weather forecasts are expected to lead to recoveries in grain production in Argentina. However, continued dry conditions are projected to limit planting of wheat and rice.

Wheat area rose to its highest level since 2001, at the expense of oats, rye, mixed grains, and lentils. Export volumes of wheat grain year-to-date (August to May) are up 78 percent over the same time last year, and wheat products (in grain equivalent) are up 21 percent.