Canadian crop planting this year reflects commodity price gains

Published 2021년 7월 9일

Tridge summary

Canadian farmers have made planting decisions based on the highest crop prices, leading to changes in the cultivation of various crops. Canola acreage increased by 8.2% to nearly 22.5 million, despite wheat offering 50% more per bushel, it saw a 6.5% decrease to 23.4 million. Saskatchewan experienced a drop in durum and wheat acreage by 2.8% and 6.6% respectively. Barley and flaxseed acreage increased by 9.7% and 10% respectively, while field peas and dry beans saw a decrease of 10% each due to lower prices. Mustard and canary seed acreage also increased by 19% and 15% respectively, on higher prices. However, the cultivation of corn, soybeans, and sunflower saw a decrease of 2.5%, 11%, and almost one-third respectively.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Farmers across Canada chased the highest prices when they planted crops this spring. Canola, hovering around $18 a bushel and twice last year’s level gained 8.2 per cent in acres to just under 22.5 million. Wheat, fetching 50 per cent more than last year at a recent $9.34 a bushel, lost 6.5 per cent in acres to 23.4 million as farmers pursued even higher canola prices. Saskatchewan farmers’ wheat acres dropped 6.6 per cent to 12 million Durum acreage fell 2.8 per cent to 5.3 million. Barley acres at nearly 8.3 million increased 9.7 per cent as prices were up 25 per cent for feed grade. At just over $18 a bushel, compared with $13.30 last year, flaxseed gained 10 per cent in acres to 1,026 million — the largest in three years. Lentils gained 1.7 per cent in acres as the price was just two cents a pound higher. A 10 per cent drop in field peas prices resulted in 10 per cent less acres for 3.8 million. Dry beans at 373,000 acres came in with 18 per cent fewer acres. Lower oats prices ...

Source: Moosejawtoday