The outlook for the world’s grain markets continues to be uncertain and subject to heightened volatility due to the Russian invasion of Ukraine, which continues to disrupt Black Sea production and global trade patterns, concerns in regard to a global economic slowdown and the ongoing effects of the COVID-19 pandemic. [...] Carry- Usage is forecast to return to historically normal out is forecast to rise slightly to 0.85 Mt versus 0.80 levels with exports up 64% from last year to 8.6 Mt Mt for 2022-23 and the five-year average of 2.26 while domestic use rises to 9.5 Mt versus the 8.6 Mt Mt. [...] The province of Ontario is For 2023-24, the area planted to soybeans is the largest producer of soybeans in Canada at almost predicted to increase by 7% to 2.28 Mha, creating a 4.0 Mt, followed by the provinces of Manitoba and harvested area of 2.27 Mha. [...] For 2023-2024, the area seeded is forecast to be For 2023-2024, the area seeded is forecast to rise to unchanged due to larger potential returns compared 230 thousand hectares (Kha) and production is to other crops, particularly soybeans. [...] The average price is forecast to be lower than For 2023-2024, the area seeded is forecast to the 2022-2023 level.
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- Canada
