FarmLink Analyses StatsCan June 2012 Report

The StatsCan June 2012 Acreage report was released yesterday and the surprises were limited but instead firmer confirmation of the 2012 seeding choices of farmers.  Lentils were higher than expected, canola acres are above 20 million acres and barley has sprung back to higher levels than two years ago.

Jon Driedger. FarmLink Marketing Solutions talked with me about the report and what some of the market impacts are and whether FarmLink has some different feelings on the acreage forecast from their own analysis.

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Here is the comparison between the FarmLink and Statscan’s forecasts.

                              

FarmLink June 2012 Estimate

Stats Can June 2012 Estimate

Spring & Winter Wheat

18,500

19,102

Durum

4,900

4,710

Barley

8,100

7,365

Oats

3,100

3,074

Canola

20,400

21,273

Flax

900

1,074

Peas

3,400

3,495

Lentils

2,150

2,610

Corn

3,562

3,638

Soybeans

3,969

4,316

 

If you cannot see the embedded video below, click here

 

Shaun Haney

Shaun Haney is the founder of RealAgriculture.com. He creates content regularly and hosts RealAg Radio on Rural Radio 147 every weekday at 4PM est. @shaunhaney

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