Statistics Canada estimates a record 22.4 million acres of canola will be seeded in 2017-18. This is up 10% or 2.0 million acres more than last year.
All Wheat seeded area is virtually unchanged at 23.2 million acres, which was just above the highest pre-report trade estimate of 23.0 million acres.
Barley area is down 8% at 5.9 million acres compared to 6.4 million acres last year.
Spring Wheat area is up 8% at 16.7 million acres compared to 15.4 million acres last year.
Oat area is up 21% at 3.4 million acres compared to 2.8 million acres last year.
Durum area is estimated to decrease 17.0% to 5.1 million acres.
We now look for the markets to turn their attention to demand, seeding progress & weather conditions.
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