Commodity Blog

Jul 11 2023

Insights into Crop Potential: Barchart's July 2023 Forecasts for Canadian Spring Wheat and Soybeans

Calling all crop enthusiasts and agriculture aficionados! Barchart has just unleashed its highly anticipated July 2023 Yield and Production forecasts for Canadian Spring Wheat and Soybeans.  

First up, we have Canadian Spring Wheat. Barchart's latest report reveals an end-of-season yield forecast of 54.5 (bu/ac). Hold on to your hats because that's 0.8 (bu/ac) higher than the AAFC's recent forecast!

Thanks to an extended winter and waterlogged fields, things are off to a slow start for U.S. Spring Wheat. But fear not, Canada, the superhero of spring wheat production, is here to save the day. With its robust crop, it has the power to potentially alleviate any shortages in the US. 

But wait, there's more excitement in store. Barchart has also turned its attention to the soybean spectacle. According to their latest forecasts, Canadian Soybeans are set to deliver an end-of-season yield of 45.0 (bu/ac). And guess what? That's 0.2 (bu/ac) above the AAFC's most recent forecast!

If you're itching to get your hands on these crop forecasts, mark your calendars. Barchart offers free access to their Canadian Spring Wheat and Soybeans forecasts twice per month during the growing season. That's right —you can be ahead of the game and spot opportunities even before the traditional AAFC reports hit the scene.

To get enhanced access to Barchart’s insights on crop production and yield, sign-up for our free Canadian Crop Production Report, access daily updates by subscribing to cmdtyView Pro, or use our enterprise-grade APIs.  To learn more about Barchart’s Crop Production Forecasts please visit our website.  

Additionally, we invite you to join us at Barchart's 3-day Grain Merchandising and Technology Conference in Downtown Nashville this September, which will feature product demos, panel discussions, industry awards, a charity golf outing, and many networking opportunities. Visit our event website to learn more.

Barchart Updates