STAT Communications Ag Market News

Moderate Surprises in Canadian Intentions

OTTAWA - Apr 27/21 - SNS -- Canada's farmers offered up some surprises in the Statistics Canada seeding intentions report, with some land shifting into canola, barley and soybeans.

The survey of about 11,500 farmers between March 1 and 29 found they intend to reduce land in pulses and other special crops from 9.885 million to 9.369 million acres this year. A return to average yields would see combined production for these crops sink from 8.528 to 7.405 million metric tons (MT).

Growers only showed increased interest in planting mustard seed, while saying they intend to seed less canaryseed, lentils, peas, dry edible beans and sunflower than last year. Statistics Canada did not included area estimates for soybeans in Saskatchewan, but if they follow the same pattern as in Manitoba, area in the two provinces could advance from 1.276 to 1.497 million acres.

Markets were surprised by the fact growers intend to reduce land in lentils. Some market participants are surprised to see pea area decline a well as the size of intended increases in mustard seed plantings. As always, controversy surrounds the canaryseed number. Markets expected acreage to increase. Instead, farmers say they plan to reduce area 30,000 acres to around 243,000.

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