StatsCan Seeding Intentions to March 31: What a Difference Three Weeks Makes

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Statistics Canada released its first seeding intentions report for March 31, 2013 this morning. Corn, wheat and oats were given the biggest nod to acreage bumps, however, this survey was conducted to April 3 when farmers still expected spring to arrive before May.

Corn acres are estimated at 2.3 million for Ontario, an increase of 2% over last year. Spring wheat is estimated to see a 14.1% bump over last year, to 19.4 million acres. Perhaps the biggest surprise is the oats & barley estimate: oats are ear marked for 3.4 million acres, an increase in 18.4% over 2012, with barley taking a 2% hit.

Canola was pegged at 19.1 million acres, lower that what many in the industry predicted. The report still claims Manitoba will surpass the 1 million acres mark for soybeans, though acres of that crop would drop in Ontario and Quebec.

See the full report here.

What do you think? Where do you think canola, wheat, corn and soy will end up?

 

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