Canadian Analyst Expects Increased Canola and Wheat Acres This Spring

There will be slightly more wheat and canola acres seeded in Canada this year compared to last year, if traders and analysts are correct with their estimates 

Statistics Canada will release its first survey-based acreage estimates for the 2023-24 marketing year tomorrow (Wed).

Other than drier and cooler conditions in southern Manitoba, the weather outlook for Western Canada appears to be similar to last year.

However, other factors such as the potential for flooding in the Red River Valley and volatile global prices could have effects on acreage.

MarketsFarm expert Bruce Burnett says that as long as we don’t get extremely regular or large amounts of precipitation in May, we should be able to get the crop planted in a decent manner.

He says our soil moisture situation will be good, but we don’t have excess soil moisture on the eastern Prairies.

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