Monday, 10 June 2013

Commodities Buzz: Canadian Wheat Plantings Progressing At Impressive Pace

The Wheat plantings in Canada are progressing at an impressive pace. Farm officials in Saskatchewan said that growers in Canada's top grain-growing province had planted 83% of their spring crops as of Monday, up 26 points week on week, and putting sowings narrowly ahead of the typical seeding pace.

The heavy rains which have put farmers in the neighbouring US state of North Dakota on course potentially for a 30-year low in spring wheat sowings stretched into some southern portions of Saskatchewan, where officials reported that continuous rainfall has delayed seeding in some areas.

The crop is in strong condition, with the proportion of spring wheat rated, at worst, 65% in good or excellent in Saskatchewan's south east, rising to as high as 98% for the west central area.

The Saskatchewan data also come amid a debate on Canada's wheat production prospects. According to the Canadian farm ministry, the country's wheat crop is expected to rise by 1 million (m) tonnes to 29.4 m tonnes.
Source by Commodity Insights

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