Canadian Farmers Intend to Plant Fewer Oilseeds
Producers intend to reduce soybean plantings by 10.7%
Canada’s national statistical office, Statistics Canada, issued its 2019 planting intentions report on April 24, reports U.S. Soy.
In the wake of the uncertainty surrounding new crop canola demand, farmers reported intentions to reduce canola seedings by 0.607 million hectares or 6.6% in 2019 to fall to 8.625 million hectares.
Farmers also relayed intentions to cut back soybean plantings in 2019 as well, with acreage projected to decline by 273,000 acres or 10.7% to fall to 2.285 million acres.