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Surging Wheat Prices to Spur Canada Farmers to Sow More Acres

  • High prices will affect plans for seeding, grower group says
  • Swaths of Western Canada remain in extreme drought conditions
A farmer harvests winter wheat near Brunkild, Manitoba, Canada.

A farmer harvests winter wheat near Brunkild, Manitoba, Canada.

Photographer: Shannon VanRaes/Bloomberg

The historic surge in wheat prices is expected to spur Canadian farmers to sow more acres.

Acres of spring wheat in Canada, one of the world’s top exporters, could rise 2% to 3% in 2022 as soaring prices encourage growers to shift acres from oats, pulses and durum, said Neil Townsend, chief market analyst at FarmLink in Winnipeg, Manitoba.