Past the Quarter Mark — Western Canadian Seeding Update and StatsCan Stocks Review

Approximately 25 percent of the 2015 crop on the Canadian prairies was in the ground at the start of this week (May 4th), according to the weather and crop specialist with CWB Market Research.

Dry conditions in southern Alberta, southwestern Saskatchewan and south-central/southeastern Manitoba have allowed seeding operations to advance ahead of average, with “virtually all” cereals and peas planted in these regions, says Bruce Burnett in the seeding update below. Growers in these areas, he notes, are hoping for rain to make uniform germination possible.

Excess moisture continues to cause challenges in southeastern Saskatchewan and western Manitoba, where Burnett says cereals are between 10 and 30 percent seeded. Seeding operations are still in the early stages in northern areas.

Burnett also discusses the bullish Statistics Canada stocks report published on Wednesday, which included smaller-than-expected estimates for wheat and canola — the wheat estimate of 16.7 million tonnes was about 1 million tonnes below pre-report estimates.

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