Statistics Canada released its March seeding intentions this morning. StatsCan’s release follows – market and trader reaction will be updated later today.
Prairie farmers anticipate increases in acreage planted to dry field peas this spring, well above 2008 levels. Increases are also expected for barley and spring wheat, while the canola area is expected to decline.
In the East, farmers anticipate an increase in the acreage planted in soybeans.
Early indications are that Prairie farmers may seed 4.2 million acres in dry field peas, up 5.3 per cent from the 2008 record high. If attained, this would be the third consecutive annual increase.
Farmers in Saskatchewan and Alberta reported that they may plant 3.2 million acres and 890,000 acres respectively, both above 2008 levels. However, in Manitoba, farmers anticipate planting 18.0 per cent fewer acres of peas.
Prairie farmers anticipate planting 17.0 million acres in spring wheat, up 6.2 per cent or 990,000 acres from 2008. Wheat acreage should increase in all three Prairie provinces. Early indications are that the acreage will increase the most in Saskatchewan, where farmers anticipate planting an additional 430,000 acres.
The total area seeded to barley on the Prairies is expected to rise 145,000 acres to 8.9 million acres. Farmers in Manitoba and Saskatchewan expect to plant more barley, while in Alberta, farmers could plant the same area as in 2008.
Prairie farmers indicated that the area seeded to canola may decline to 14.8 million acres. This would be 7.3 per cent below the record area of 16.0 million acres in 2008. Farmers in all three Prairie provinces expected lower area planted to canola.
Ontario, Quebec and Manitoba, the three major producers of soybeans, are expecting to increase their seeded areas to 3.3 million acres, an increase of 300,000 acres over 2008.