Canadian farmers planted a record-high 22.8 million acres of canola in 2017, up 12.1 percent from the 20.4 million acres reported in 2016, according to Statistics Canada. The area seeded to wheat in 2017 declined 3.7% from 2016 to 22.4 million acres. Statistics Canada report
Minneapolis Grain Exchange wheat futures have surged on dry conditions in the Northern Plains and reduced Canadian acreage. Current September contract chart
Canadian farmers planted a record-high 22.8 million acres of canola in 2017, up 12.1 percent from the 20.4 million acres reported in 2016, according to Statistics Canada. The area seeded to wheat in 2017 declined 3.7% from 2016 to 22.4 million acres. Statistics Canada report
Minneapolis Grain Exchange wheat futures have surged on dry conditions in the Northern Plains and reduced Canadian acreage. Current September contract chart
