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Record Canola Acres Possible in StatsCan Seeding Report

Posted April 17, 2017

Under Economic Issues, International Trade Issues

(Phil Franz-Warkentin – Commodity News Service Canada)

Canadian farmers might be set to seed record large canola acres in 2017, while wheat area is generally expected to be down when Statistics Canada releases its first survey-based acreage estimates of the year on Friday, April 21.

From an economic standpoint, “canola is historically the commodity that pays the bills,” said Mike Jubinville, of ProFarmer Canada. With disease issues for cereal crops and uncertain demand prospects for pulses, “canola still stands as one of those lone beacons: a commodity that as long as it yields good will probably yield a profit,” he added.

“Farmers are really going into canola and focusing on returns-per-acre this year,” said Jerry Klassen, manager of Canadian operations with Swiss-based GAP SA Grains and Produits in Winnipeg. Click here to read more.