Market News & Headlines >> Canadian Farmers to Plant More Wheat
Canadian farmers plan to plant more acres to wheat, oats, and barley in 2015 than they did last year, while cutting canola seedings, according to a Statistics Canada survey of planting intentions released on Thursday morning.
The StatsCan survey, conducted from March 18 to March 31, indicated producers intend to plant 24.8 million acres to wheat, 3.9% more than the 2014 seedings of 23.835 million acres. The planting intentions were toward the high side of trade expectations, which averaged 24.2 million acres, in a range from 22.8-26.7 million according to a survey of 17 analysts by Reuters News Service.
Meanwhile, StatsCan reported producers intend to plant 19.416 million acres of canola, 4.5% fewer than in 2014 and below trade expectations, which averaged 20.2 million acres in a range from 19.6-21.3 million.
Durum wheat seeding intentions were put at 5.5 million acres, up from last year's seedings of 4.75 million