No Major Changes to Ontario Acreage Estimates from StatsCan.

There were some minor tweaks, but a Statistics Canada acreage report on Wednesday contained no major changes for Ontario compared to the agency’s initial estimates released in April.  

Ontario winter wheat area for harvest this year was pegged at 1.1 million acres in today’s report. That is in line with the StatsCan estimate released in April and remains way up from 930,300 acres in 2022.  

For corn, the government said Ontario farmers planted 2.3 million acres this year. That was about steady with April and is now down 0.7% compared to 2022. The news is unlikely to distract from the weather in July, when yields are being determined in the province.  

For soybeans, StatsCan said acres will decrease 5.4% this year to 2.9 million acres. That’s the same as the spring estimate and doesn’t matter much to prices, which will continue to be set by futures and the Canadian dollar. Of course, a lot still hinges on the weather as yields won’t be set until August.