Just a note today is Statistics Canada seeding intentions release day. No big surprises/market reaction. Canola acres will be lower than forecast here with barley taking up the slack. Don't know how to make the columns line up so here is the link plus the press release.
http://www.statcan.ca/Daily/English/070424/d070424a.htm
Principal field crops
March 2007 (intentions)Previous releasePrairie farmers reported they intend to plant a record area of canola, and less spring wheat and flaxseed, according to the 2007 first seeding intentions survey. In the East, grain corn acreage should move to record territory, with slightly less area devoted to soybeans.
Seeding intentions of major grains and oilseeds
Crop 2006 2007 2006 to 2007
thousands of acres % change
Total wheat 26,387 23,759 -10.0
Spring wheat 20,273 17,080 -15.8
Canola 13,276 14,831 11.7
Barley 9,540 10,812 13.3
Summer fallow 10,710 8,045 -24.9
Oats 4,751 5,682 19.6
Durum wheat 4,350 4,950 13.8
Dry field peas 3,485 3,565 2.3
Corn for grain 2,786 3,511 26.0
Soybeans 3,059 2,931 -4.2
Flaxseed 2,080 1,430 -31.3
The March seeding intentions survey, which covered 16,800 Canadian farmers, revealed that in response to economic considerations they may seed a record area of canola and field peas, but less spring wheat and flaxseed in the Prairies. A record area of corn for grain may be planted in the East, the result of steady demand from the livestock industry and increased demand from the ethanol industry.
Soil moisture conditions appear to be improving, with many areas receiving late season snowfall. It is too early to assess planting conditions for 2007 in areas that experienced excess moisture in 2006.
It is important to remember for this report that economic and environmental conditions are always subject to change, requiring farmers to modify their plans prior to planting time.
Oilseed picture remains mixed
Prairie farmers may seed a record 14.7 million acres of canola, up 11.5% or 1.5 million acres from 2006. The previous record of 14.2 million acres was set in 1994.
Farmers in all three Prairie provinces reported that they could seed more canola. Saskatchewan is leading the way, up 1.0 million acres to a record 7.4 million acres, easily surpassing the previous record of 6.6 million acres set in 1994, 1999 and again in 2005.
http://www.statcan.ca/Daily/English/070424/d070424a.htm
Principal field crops
March 2007 (intentions)Previous releasePrairie farmers reported they intend to plant a record area of canola, and less spring wheat and flaxseed, according to the 2007 first seeding intentions survey. In the East, grain corn acreage should move to record territory, with slightly less area devoted to soybeans.
Seeding intentions of major grains and oilseeds
Crop 2006 2007 2006 to 2007
thousands of acres % change
Total wheat 26,387 23,759 -10.0
Spring wheat 20,273 17,080 -15.8
Canola 13,276 14,831 11.7
Barley 9,540 10,812 13.3
Summer fallow 10,710 8,045 -24.9
Oats 4,751 5,682 19.6
Durum wheat 4,350 4,950 13.8
Dry field peas 3,485 3,565 2.3
Corn for grain 2,786 3,511 26.0
Soybeans 3,059 2,931 -4.2
Flaxseed 2,080 1,430 -31.3
The March seeding intentions survey, which covered 16,800 Canadian farmers, revealed that in response to economic considerations they may seed a record area of canola and field peas, but less spring wheat and flaxseed in the Prairies. A record area of corn for grain may be planted in the East, the result of steady demand from the livestock industry and increased demand from the ethanol industry.
Soil moisture conditions appear to be improving, with many areas receiving late season snowfall. It is too early to assess planting conditions for 2007 in areas that experienced excess moisture in 2006.
It is important to remember for this report that economic and environmental conditions are always subject to change, requiring farmers to modify their plans prior to planting time.
Oilseed picture remains mixed
Prairie farmers may seed a record 14.7 million acres of canola, up 11.5% or 1.5 million acres from 2006. The previous record of 14.2 million acres was set in 1994.
Farmers in all three Prairie provinces reported that they could seed more canola. Saskatchewan is leading the way, up 1.0 million acres to a record 7.4 million acres, easily surpassing the previous record of 6.6 million acres set in 1994, 1999 and again in 2005.
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