Global markets: Canola, soybean, oat acres expected to be up in 2017

By Commodity News Service Canada

WINNIPEG, April 21 – The following is a glance at the news moving markets globally.

– Statistics Canada released its principal field crop area report on Friday.

Canadian farmers expect to plant more canola, soybeans and oats in 2017, but fewer acres of durum wheat and lentils, crops that were both at high levels in 2016.

– The Consumer Price Index (CPI) rose 1.6 per cent on a year-over-year basis in March, following a two per cent gain in February.

Excluding food and energy, the CPI was up 1.7 per cent year over year in March, after posting a two per cent increase in February, Statistics Canada said in a report on Friday.

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