CWB sees more canola, less wheat than StatsCan

WINNIPEG, Manitoba (Reuters) — CWB, formerly known as the Canadian Wheat Board, said on Thursday that Western Canadian farmers harvested more canola and less wheat than Statistics Canada estimated in October.

CWB director of weather and market analysis Bruce Burnett estimated canola production at 16.81 million tonnes, up from Statistics Canada’s guess of 15.963 million tonnes, and saw all-wheat production at 31.39 million tonnes, lower than Statistics Canada’s estimate of 33.026 million tonnes.

Burnett gave his estimates at the Cereals North America conference in Winnipeg, Manitoba. CWB owned a government-granted marketing monopoly for Western Canada’s wheat and barley until August 2012, and is now a small grain marketer.

On Wednesday at the conference, Bunge Ltd. pegged the canola harvest at 17.43 million tonnes.

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