The simple average farm significantly lower area, is expected to lead to a price of rye on the Canadian Prairies for the crop year record low 2023 production of 2.44 Mt, which is 53% was $287/t, down over $30/t from the previous year’s and 40%, respectively, below last year and the record high. [...] Total versus 569 Kt for 2022-23 and the 567 Kt average supplies are up 3% from last year to 7.52 Mt but are over the previous five years, as a decline in output is slightly under the five-year average of 7.62 Mt on a moderated by the sharp rise in carry-in stocks to 220 steady carry-in of stocks and stable import pace. [...] The average price forecast by the USDA at 0.55 million acres, 17% is expected to be lower than 2022-23, at $400/t, due lower than 2022-23, due to reduced plantings in to similar world supply and despite the decrease in Montana and North Dakota. [...] The main US export markets for lentils are forecast by the United States Department of expected to continue to be Canada, Mexico, and the Agriculture (USDA) to rise by 3% from 2022-23, to EU, particularly Spain. [...] In the US, area seeded to dry beans is forecast by the Exports are expected to be similar at 125 Kt, with USDA to decrease marginally to 1.24 million acres, the US and the EU as the main markets for Canadian largely due to lower area seeded in North Dakota mustard seed.
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