Canada’s wheat export forecast has been revised upwards, while exports from the world’s major exporting countries are still declining

Foreign media news on October 24: The October supply and demand report released by the Canadian Department of Agriculture and Agri- Food (AAFC) shows that the expected value of Canadian wheat exports (excluding durum) for the year of 2021/22 will be raised by 500,000 tons to 13 million.
Tons
.
The interpretation of Derunlin analysts shows that this is the second consecutive month that the AAFC has raised its wheat export forecast, which is 2 million tons higher than the 11 million tons predicted in August
.
The increase in exports caused wheat ending stocks to fall to 3 million tons, a record low
.
Derunlin analysts quoted a report from the U.
S.
Agricultural Counselor that wheat production in five of the world's eight major wheat exporting countries is expected to decline year-on-year in 2021/22
.
Wheat production in these eight countries will be 12.
4 million tons less than in 2020/21
.
The U.
S.
Department of Agriculture predicts that the total wheat exports of these eight countries will be reduced by nearly 5 million tons compared with the previous year.
Among them, the exports of five countries are expected to decrease, of which Canada has the largest year-on-year decline
.
Australian wheat exports are expected to reach 23 million tons, which is lower than the official USDA forecast of 23.
5 million tons and also lower than the 24 million tons of last year
.
 　　It should be pointed out that the US Department of Agriculture estimates that the output of Australian wheat is 35 million tons, while the Australian Bureau of Agricultural Resources, Economics and Sciences estimates that the output of Australian wheat is 32.
6 million tons
.
The U.
S.
Agricultural Counselor also expects Kazakhstan’s wheat production to be 12 million tons, compared to the official forecast of the U.
S.
Department of Agriculture of 12.
5 million tons
.
The counselor predicted that Kazakhstan's wheat exports would be 6.
5 million tons, which is lower than the official USDA forecast of 7.
2 million tons
.
Food wheat exports 　　The increase in exports caused wheat ending stocks to fall to 3 million tons, a record low
.
 　　Derunlin analysts quoted a report from the U.
S.
Agricultural Counselor that wheat production in five of the world's eight major wheat exporting countries is expected to decline year-on-year in 2021/22
.
Wheat production in these eight countries will be 12.
4 million tons less than in 2020/21
.
The U.
S.
Department of Agriculture predicts that the total wheat exports of these eight countries will be reduced by nearly 5 million tons compared with the previous year.
Among them, the exports of five countries are expected to decrease, of which Canada has the largest year-on-year decline
.
Australian wheat exports are expected to reach 23 million tons, which is lower than the official USDA forecast of 23.
5 million tons and also lower than the 24 million tons of last year
.
 　　It should be pointed out that the US Department of Agriculture estimates that the output of Australian wheat is 35 million tons, while the Australian Bureau of Agricultural Resources, Economics and Sciences estimates that the output of Australian wheat is 32.
6 million tons
.
The U.
S.
Agricultural Counselor also expects Kazakhstan’s wheat production to be 12 million tons, compared to the official forecast of the U.
S.
Department of Agriculture of 12.
5 million tons
.
The counselor predicted that Kazakhstan's wheat exports would be 6.
5 million tons, which is lower than the official USDA forecast of 7.
2 million tons
.