Stats Canada: Growers Increase Wheat, Corn & Soybean Acres

June 25, 2013 04:11 AM

Canadian growers intend to seed 25.9 million acres to wheat in 2013, largely thanks to an expected 12.6% gain in spring wheat acres to 19.1 million acres, according to Stats Canada data as of June 10, 2013. This would represent nearly a 2.2 million acre increase in total wheat seedings from 2012 -- a slightly lighter gain than the pre-report trade guess. Durum wheat plantings are also expected to rise 4.3% to 4.9 million acres.

Canola plantings came in at 19.7 million acres, which was in line with expectations and down 8.3% from 2012, but up around 600,000 acres from Stats Canada's previous estimate. Of note, this would be the first decrease in national canola acres seeded since 2006.

Canadian farmers plan to seed 7.2 million acres to barley, which represents a 3.1% decline from year-ago.

Corn acres are expected to come in at a record-large 3.6 million acres, which is a 2.9% increase from 2012. Canadian soybean acres are also expected to rise to a record-large 4.6 million acres in 2013, which is a 10.5% increase from 2012.

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