Canada forecasts for 1978 grain inputs and prices in outlook
Agriculture Canada economists release updated 1978 outlooks for wheat coarse grains and oilseeds. Canada plans about 25.5 million acres of wheat in 1978, up from 1977, with projected 1978 wheat production near 18.6 million tonnes and total supplies around 30.5 million tonnes. US acreage and world trade projections are noted, along with coarse grain carryovers, oilseed planting up, and expected price pressures. The report covers fertilizers pesticides machinery energy costs and credit, signaling higher farm input prices and growing credit needs in 1978 amid weaker Canadian dollar and rising imports.