Canadian wheat plantings hit 9-year high as food prices spike

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Canadian wheat plantings hit 9-year high as food prices spike
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Statistics Canada pegged all\u002Dwheat plantings at 25.4 million acres, the most since 2013, and up slightly from its April estimate of 25 million.

Farmers seeded more spring wheat and canola than they intended in spring, according to Statistics Canada, but wet conditions raise doubts about how much land remains unplanted.Canada, a major wheat and canola exporter, is recovering from severe drought last year and expects to make up some of the global shortfalls that are raising risks of famine.

The bump-up in overall wheat plantings reflected more acres of spring wheat, used in baking, than farmers anticipated in the spring. By contrast, farmers tapered back slightly on plantings of durum, used to make pasta, from their spring intentions. The changes to both wheat and canola estimates from the spring report are “relatively minor,” said Bruce Burnett, director of markets and weather at MarketsFarm. “It gives us the potential for a bigger crop. Now it’s all about yields.”

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