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STATS CANADA RELEASES 2024 PLANTED ACRES FORECAST


Source: Canada Association of Agri-Retailers

Canadian farmers are tweaking their 2024 crop plans, increasing some plantings like wheat and corn, while reducing others like canola and soybeans.

This year, Canadian farmers are adjusting their sights and seed plans, signalling a mixed bag of increases and decreases across principal field crops according to statistics Canada.

Canola, a previously booming crop, is facing a 3.1% reduction in planted area, settling at 21.4 million acres. This adjustment is attributed to lower market prices and soil moisture concerns in Western Canada.

Soybeans also see a slight national decline of 0.9%, with significant drops in Manitoba, though Ontario is bumping its soybean acreage up by 4.3%. Meanwhile, barley and oats tell a story of contrast; barley planting dips by 2.5%, while oats surge 21.6%, likely a response to last year's low production impacting stock levels.

Corn for grain is marking a modest increase of 1.6% nationally, showing growth in major producing areas like Ontario, Quebec, and Manitoba, reflective of its steady demand.

In the pulses sector, lentils and dry peas are on the upswing. Lentil planting is set to increase by 4.4%, primarily in Saskatchewan, while dry peas also look to a 2.4% rise in planting area.

These adjustments by Canadian farmers underscore a dynamic agricultural landscape.


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