Statistics Canada released its 2018/2019 acreage estimates, forecasting canola acres at 21.4 million. That’s down from last year’s 23 million acres and well below trade estimates. All-wheat acres are estimated at 25.3 million, up from 22.3 million last year and above pre-report trade estimates. Barley acres are also expected to be higher, with StatsCan pegging acres at just over 6 million.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.