Elevator Address

2518 Lockhead Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com

Mailing Address

6830 4th Line Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com


 
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Howard Leaman                                                     Apr 24/17

     This morning, Statistics Canada released its "March Intentions of
Principal Field Crop Area in Canada" report:
                         All Canada, In Million Acres
               2014      2015      2016      2017        2018       2019
All Wheat      23.865    24.111    23.686    22.391      24.735     25.674
Barley          5.880     6.527     6.676     5.766       6.493      7.155
Oats            2.823     3.337     3.045     3.200       3.053      3.291
Canola         20.775    20.665    20.784    23.014      22.813     21.314
Flaxseed        1.585     1.640     0.941     1.045       0.857      1.000
Corn            3.078     3.275     3.588     3.576       3.627      3.795
Soybeans        5.562     5.411     5.607     7.282       6.320      5.646
Summerfallow    4.595     2.560     2.133     2.200       1.781      1.792

Neutral for canola. The Stats Can estimate was in the range of
expectations, but on the low side. Weakness in the Canadian dollar, and
talk that the recent selling has been overdone are apt to support canola
prices today. The Canadian dollar is down about fifteen one-hundreds of a
cent against the U.S. dollar.

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