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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
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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.