Canadian Farmers May Plant More Wheat, Less Canola, StatCan Says
Canadian farmers may plant 9.3 percent more wheat this year and produce less canola, according to a government survey as of June 10, before potentially crop-damaging rain flooded parts of Western Canada.
Total wheat acreage will probably expand from 2012 to 25.9 million acres, Statistics Canada said today in a report. The average estimate of 10 analysts surveyed by Bloomberg News was 26.2 million acres. Canola acres may decline 8.3 percent to 19.7 million acres, down from 21.5 million acres in 2012. Analysts in a Bloomberg survey expected 19.6 million acres. Barley planting will probably decrease 3.1 percent to 7.18 million acres, according to the report.
Statistics Canada said it surveyed about 25,000 farmers about their seedings between May 27 and June 10, before severe thunderstorms pummeled parts of Alberta, Saskatchewan and Manitoba. Parts of southern Alberta received 300 millimeters (12 inches) of rain between June 19 and 22, Environment Canada warning preparedness meteorologist Natalie Hasell said, and areas of Winnipeg, Manitoba received 74 mm of rain on June 20.
More than 100,000 people have been displaced due to flooding in Alberta, the province said in a statement, and Manitoba has issued an overland flood warning for the northwest, Interlake and southwest regions of the province after as much as 107 mm of rain fell in parts of the province as June 23.
Alberta crop and livestock producers may suffer losses from floods, Agriculture Minister Verlyn Olson told Bloomberg News on Saturday.
“This is way above normal,” Hasell said in a telephone interview from Winnipeg.
While planting in many parts of Western Canada was delayed this spring by excess moisture and cool temperatures, farmers managed to sow most of their crop by mid-June, according to provincial reports in Alberta, Manitoba, and Saskatchewan. Eighty-five percent of crops in Alberta were rated good or excellent as of June 18, the agriculture ministry said in a report, before heavy rainfall began June 19 and some residents of Calgary were evacuated.
Wheat futures on the Minneapolis Grain Exchange fell 9.3 percent this year through yesterday, and Canola prices declined 5.5 percent this year on the ICE Futures Canada exchange in Winnipeg.
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