Ample Wheat Supplies May Get Another Boost From Canadian Farmers
- Canada farmers may sow more wheat instead of oats, pulses
- Wheat prices already falling amid bumper Russian harvest
A combine harvester cuts wheat on a farm near Dinsmore, Saskatchewan in August.
Photographer: Heywood Yu/BloombergThis article is for subscribers only.
One of the world’s top wheat exporters is poised to add to an already abundant breadbasket.
Acres of non-durum wheat in Canada could rise as much as 7.3% in 2023 as growers shift acres away from oats and pulses, said Neil Townsend, chief market analyst at FarmLink in Winnipeg, Manitoba. Farmers will probably plant 20.8 million acres of wheat, up from 19.4 million acres a year ago, according to FarmLink estimates.