Source: MarketsFarm, Phil Franz-Warkentin – MarketsFarm, April 22, 2019
Winnipeg – Canadian farmers will likely seed less canola and more spring wheat in 2019, but the extent of any acreage shifts remains to be seen as market participants await Statistics Canada’s first seeded area estimates of the year on April 24.
Canola prices in Western Canada have dropped over the past few months, as a trade dispute with China cuts into export demand. The uncertain trade situation has farmers questioning their planting intentions, but rotational issues will likely limit the exodus from canola.
