Different Directions for Corn, Soybean Estimates

Estimated national corn production has been reduced from earlier estimates but remains above the year-ago level, while the opposite is true for soybeans.

In its final crop production report for the 2021 season on Friday, StatsCan pegged nationwide corn output for this year at 13.984 million tonnes, down 2% from the agency’s September estimate although still 3.1% above the 2020 crop. On the other hand, national soybean production was raised 6.6% from September to 6.272 million tonnes, although that remains down 1.4% from last year’s crop of 6.359 million.

In the No. 1 production province of Ontario, corn production is now estimated at 9.474 million tonnes, down marginally from 9.58 million in September as the average yield was revised down to 175.2 bu/acre from 179.1 bu. Last year’s crop in the province amounted to 8.908 million tonnes, with an average yield of 163.9 bu/acre.

Ontario soybean output increased to 4.082 million tonnes from 3.79 million in September and 3.908 million in 2020. This year’s average expected yield was raised to 51.6 bu/acre from 48.3 bu in September and 50.7 bu a year earlier.

For Manitoba, corn production was trimmed to 882,639 tonnes from 1.04 million in September as the average estimated yield fell to just 95.5 bu/acre from 111.1 bu. Last year’s corn crop in the province amounted to 1.14 million tonnes, with an average yield of 122.2 bu/acre.

Soybean production in Manitoba was revised up to 963,764 tonnes from 905,000 in September although that remains below 1.16 million in 2020. At 27.1 bu/acre, the average soy yield in the province is up from 25.6 bu in September but below 37.3 bu a year earlier.

Source: DePutter Publishing Ltd.

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