The Stats Canada acreage report was released today showing a nearly 9% increase in wheat acres, 15% drop in barley, 5% drop in Canola, 16% increase in Oats, 12% drop in Peas, and the big surprise 80% increase in Mustard (which still doesn't add up to a whole lot of Mustard acres). Dry beans and flax had notable drops in acres planted as well.
What does this all mean? Well it is hard to say. Acres have been shuffled with Wheat and Oats being the biggest winners (minus winter wheat). We still have a way's to go before the combines are rolling but as it stands now on average most of Alberta is looking to have average to above average crops (flooding issues in Northern AB), most of Saskatchewan is looking to have average to slightly below average crops (flooding, late seeding on the Eastern part of SK, and grasshoppers are the main concerns), and Manitoba so far is shaping up to have average to below average crops (lost acres to flooding and late seeding). If things carry along like they have been overall I would expect yields and overall bushels combined to increase dramatically when compared to 2021. going off memory 2020 to 2021 we had something like a 40% drop in yields.
To see the report either click on the downloadable file below or follow this Link to the Stats Canada Website
Reed McDonald - Owner and chief blogger at Quality Grain Marketing. With all the noise and click bate headlines this agricultural based blog will highlight what current events I am following. Be sure to check in regularly for updated musings