Canadian farmers intend to plant the most wheat in 22 years, a government report said, as the war in Ukraine and drought in the U.S. tighten global supplies.
Statistics Canada forecast all-wheat plantings at 27 million acres, up 6% from last year and exceeding the average industry expectation of 26.3 million. That would be the biggest wheat area since 2001, reports Reuters.
Spring wheat plantings, the biggest portion of Canada’s all-wheat production, are seen reaching 19.4 million acres, also the most since 2001 and up 7.5% from last year, the report showed.
There are doubts, however, about the accuracy of the StatsCan report because its farmer survey was conducted from December 12 to January 14, about two months earlier than usual, noted the Reuters report. Most crop planting on the Canadian Prairies occurs in May.
