Canadian farmers will up their acreage of commodities in high global demand this spring such as canola, barley and soy, while planting less wheat and peas, according to Statistics Canada.
BNN Bloomberg reports canola plantings are seen increasing for the first time since 2017 after prices soared to the highest in more than a decade this month amid strong appetite from China, the agency said in a report released Tuesday.
Meanwhile, farmers will boost barley acreage by about 14% during the 2021-2022 crop year and soybean plantings will also rise following price rallies in both commodities.
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