Analyst thinks producers opted for mainstream choices because minor crops, while still profitable, can be harder to grow
Canadian farmers planted more wheat and canola in 2023, and that took a toll on some of the minor crops, say analysts. Growers told Statistics Canada in this spring’s seeding intentions survey that they seeded 26.92 million acres of all wheat, the biggest crop since 2001. They planted 22.08 million acres of canola, a 3.2 […] Read moreTag Archives seeding intentions report
Analysts discount stale-dated seeding intentions report
Statistics Canada says it will release report earlier, but usefulness of a survey conducted in December is still questioned
The results of the December survey were released April 26, causing many market analysts to question the validity of the stale-dated findings. Chuck Penner, analyst with LeftField Commodity Research, said releasing the report in February would make it timelier, but no more useful.
StatCan seeding intentions survey called out-of-date
Market analysts say conducting the survey four months ago in the middle of winter reduced its usefulness to the industry
Statistics Canada is coming under heavy criticism for its new methodology of gauging farmers’ seeding intentions. The agency surveyed 9,500 farmers between Dec. 12, 2022, and Jan. 14, 2023. “This was the first time seeding intentions were collected in December. Traditionally, seeding intentions have been collected in March,” it said in the April 26 report. […] Read more
StatCan seeding intentions survey called out-of-date
Chuck Penner, an analyst with LeftField Commodity Research, noted that the survey was conducted before 2023 crop insurance coverage levels were set.
