Canada. Corn Update - Attaché Report Feb. 6, 2015

2015/2016

Area seeded to corn is anticipated to increase between 4 percent and 6 percent as a result of producers in Eastern Canada not being able to get the winter wheat in the ground in the fall. Increased production will not be able to offset the low carry-in stocks and will result in the need to import corn at levels well above recent average levels.

2014/2015

Lower domestic supplies due to excess moisture at harvest have limited exports and will result in a significant increase in corn imports in 2014/2015. While feed consumption is expected to remain constant, there is an slight increase for biofuels usage anticipated as provincial regulations in Quebec are being implemented that requires that gasoline fuel must have a reduced carbon footprint (greenhouse gas reduction) which will result in blending in higher rates of ethanol than currently being blended to meet the federal mandate. Stocks will be drawn down in 2014/2015 due to low supplies resulting from difficulties at harvest resulting from very wet conditions.