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.

Corn

2013/2014

2014/2015

2015/2016

Marketing Begins

Aug-13

Aug 2014

Aug-15

Canada

USDA Official

New Post

USDA Official

Old Post

USDA Official

New Post

Area Harvested

1,480

1,480

1,230

1,227

0

1,300

(1000 HA)

Beginning Stocks

1,549

1,549

1,594

1,494

0

961

(1000 MT)

Production

14,194

14,194

11,500

11,487

0

12,180

(1000 MT)

MY Imports

503

503

1,000

1,500

0

1,200

(1000 MT)

TY Imports

671

671

1,000

1,500

0

1,200

(1000 MT)

TY Imp. from U.S.

646

646

0

0

0

0

(1000 MT)

Total Supply

16,246

16,246

14,094

14,481

0

14,341

(1000 MT)

MY Exports

1,851

1,949

500

700

0

700

(1000 MT)

TY Exports

1,846

1,947

500

700

0

700

(1000 MT)

Feed and Residual

7,621

7,623

7,000

7,500

0

7,500

(1000 MT)

FSI Consumption

5,180

5,180

5,400

5,320

0

5,320

(1000 MT)

Total Consumption

12,801

12,803

12,400

12,820

0

12,820

(1000 MT)

Ending Stocks

1,594

1,494

1,194

961

0

821

(1000 MT)

Total Distribution

16,246

16,246

14,094

14,481

0

14,341

(1000 MT)

Yield

9.5905

9.5905

9.3496

9.3619

0.0000

9.3692

(MT/HA)

TS=TD

0

0

0

0

0

0