Corn Production Estimated Lower; Soybeans Higher

Canadian corn production is forecast to decline this year, despite a record high national yield estimate. Meanwhile, soybean output is expected to reach the highest in six years. Statistics Canada’s crop production report Wednesday estimated 2024 nationwide corn production at 15.228 million tonnes, down 1.2% from the 2023 crop of 15.42 million but still well above the 2022 crop of 14.538 million. National soybean output was reported at 7.149 million tonnes, up 2.4% from last year and poten