date:Aug 22, 2014
Canadian wheat growers will probably reduce output by 26 per cent this year and canola production will also fall, the governments statistics agency said today.
Wheat production will drop to 27.7 million metric tons from a record 37.5 million in 2013, Statistics Canada said in a report from Ottawa. The average estimate of 10 analysts surveyed by Bloomberg News was 29.1 million. The canola harvest in Canada, the worlds largest grower, will fall 23 per cent to 13.9 million tons. Analysts had forec