In Canada, the area of sowing barley, canola and soybeans was increased, but wheat, corn and peas were reduced

According to a report by the Statistical Office of Canada dated June 29, the country's farmers significantly increased the area of sowing canola, soybeans, barley and lentils, but reduced the area of sowing wheat, corn, peas and oats.

Compared to last year, the area of canola sowing increased by 8.2% to 22.5 million acres or 9.11 million hectares, but due to the abnormal heat in the country, November canola futures rose by another 2% to 811.7 CAD/ton or 6 654/ton, adding 10% of the price since the beginning of the week.

Due to significant global demand, the record export of canola from Canada in 2020/21 MG significantly reduced its reserves, which led to higher prices and an expansion of sowing areas.

Farmers are concerned about the dry weather in some regions of Western Canada, which prevailed during sowing and at the beginning of the growing season. Precipitation was significantly lower than the annual average, so low soil moisture can reduce future crops, although most of the Prairies periodically rained during May.

Wheat sowing areas decreased by 6.5% to 23.4 million acres or 9.48 million hectares compared to the previous year, including spring wheat – by 8.1% to 16.5 million acres or 6.68 million hectares, as farmers expect wheat prices to fall due to increased world production.

Soybean acreage increased by 4.9% to 5.3 million acres, or 2.15 million hectares, due to strong global demand and rising soybean prices.

Barley sowing areas increased by 9.7% to 8.3 million acres or 3.363 million hectares compared to last year, including in the province of Saskatchewan – by 18.7% to 3.7 million acres.

At the same time, the area of sowing oats decreased by 10.8% to 3.4 million acres or 1.377 million hectares, and corn for grain – by 2.5% to 3.5 million acres.