StatsCan To Release Seeding Intentions Report

Statistics Canada will release a report tomorrow outlining what Canadian farmers say they're going to be planting this spring.

Analysts and traders are expecting less wheat will be seeded than last year, in part due to the very wide basis levels farmers have been seeing for wheat at country elevators. Most pre-report projections are for between 23.5 and 25 million acres of all-wheat, which would be down from just over 26 million last year.

Canola acreage is expected to rise to around 21 million acres from just under 20 million in 2013.

The report will be based on a survey of 13, 500 farmers across Canada in late March.

Source: SteinbachOnline