StatsCan Pulse Acreage Numbers (Mostly) Not Surprising
The first official forecasts of 2026 seeded area were recently issued by StatsCan, with some “interesting” estimates for a few crops. For pulse crops though, most of the acreage numbers weren’t really out of line with expectations.
It’s important to note that even though StatsCan’s estimates were issued in early March, they were based on a farmer survey that occurred between mid-December and mid-January. Since that survey, there have been sizable market developments that could influence acreage decisions. That said, crop rotations are largely fixed and a portion of the acreage was already decided back in December. But there is still room for some late tweaking around the margins.
The most noteworthy event was the announcement by the Chinese government to scale back or eliminate import tariffs on canola seed, canola meal and peas, which injected more optimism into those markets. This development added some support for prices which could, in turn, shift a few more acres in that direction. Prices for other crops like barley, wheat and red lentils are moving higher seasonally, which could also make those look a bit more attractive.
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