StatsCan has released its delayed 2020 acreage prediction for field crops in Canada. The report was to be released two weeks ago and has a limited survey response compared to more normal circumstances, due to COVID-19.
StatsCan stated, “At this time, intended seeded area estimates cannot reflect the full impact on the crop sector as a result of COVID-19. Over time, as seeded area estimates are revised based on new data, users will be able to see a more comprehensive view of the impacts on seeding and production.”
Nevertheless its always fun to debate the predictions of Statistics Canada.
There is no doubt that as the season progresses that these numbers will change as much has transpired since the data was collected. Here are some of the highlights as described by Brian Voth of Intellifarm from the interview that you can hear below:
Barley – Barley has been a good profit crop the last couple years but it has run into a supply issue and possible demand issues due to the livestock sector.
Canola – acres are predicted down but that sentiment has changed as the winter has progressed. Canola is one of the most profitable crops in Western Canada consistently even despite China has relatively pulled out.
Wheat – Spring wheat and durum make sense and there is a strong argument that durum will pick up even more acres to replace some spring wheat acres.
Lentils – This number will never happen, lentil prices are at their highest number in like three years.
Soybeans – The Manitoba drop of 17.6% drop to 1.2 million acres and Ontario drop of 7.2% won’t surprise people. Ontario may see an even lighter drop if switching out of corn takes place.
Corn – Grain corn is expected to rise in Ontario although there is concern about ethanol and feed demand due to COVID-19.
Listen to Shaun Haney and Brian Voth of Intellifarm break down the full report for Western Canada and Eastern Canada.