Corn Acres Seen Rising; Soybeans Lower

Like their U.S. counterparts, Canadian producers intend to increase corn plantings this year, but unlike those across the border they will not increase soybean acres.

Statistics Canada’s first acreage report for the 2020 season on Thursday pegged nationwide intended corn acres at 3.81 million, up 3.2% from a year ago and a new record high, topping the 3.709 million acres planted in 2013. On the other hand, national soy planted area is expected to fall for the third straight year, down 8.7% to at 5.21 million acres, the lowest since 4.63 million in 2013.

(In the U.S., 2020 corn is projected to rise 8% to 97 million acres, while soybean area jumps 10% to 83.5 million).

In the primary production province of Ontario, corn planted area is estimated at 2.3 million acres, up 4.5% from last year and also the highest ever. Quebec corn seeded area is seen at 972,100 acres, up from 945,100 last year. In Manitoba, corn area is expected to fall for the first time in four years, easing to 437,300 acres from 459,800 in 2019.

Ontario soybean intentions are estimated at 2.88 million acres, down about 7.4% from the 3.11 million seeded in 2019, while Manitoba soy area is projected to fall for the third straight year, down to 1.21 million acres from 1.46 million and well off the 2017 high of nearly 2.3 million. Saskatchewan producers said they intend to trim soybean area to 142,400 acres this year from 150,000 in 2019, but Alberta soy seeded area is seen rebounding to 19,700 acres from just 7,000 last year.

StatsCan warned its 2020 acreage estimates were produced under ‘exceptional circumstances,’ noting that because of the COVID-19 pandemic its survey of producer planting intentions was cut short in order to minimize the burden on farm operators. As such, there was a lower than usual response rate from farmers, the agency said.

Source: DePutter Publishing Ltd.

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