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Record Highs Across Most Crops Leaves Oats Behind

It has been reported that farmers in Canada are planting more wheat, canola, barley, corn and soybeans, but fewer acres oats, lentils and dry peas according to the June 2023 Field Crop Survey.

Conditions have been favourable throughout the western part of Canada which helped producers seed in a timely manner. Seeding was nearly completed at the end of May in Alberta which is ahead of the average time because of warm, dry conditions. In both Saskatchewan and Manitoba, planting was slightly behind average due to too much moisture.

Field conditions in Eastern Canada were also favourable and allowed for good seeding progress. In Ontario and Quebec, seeding was mostly complete by mid-May with normal temperature and dry conditions, except for parts of eastern Ontario and western Quebec. In Atlantic Canada, seeding made good progress even with below normal precipitation.

According to the crop survey, wheat levels are the highest seen in over two decades. This large increase will help with making prices more favourable and meeting global demand.

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.