Weather & Science
Wet Canadian Weather May Give Relief to World Wheat Supply Squeeze
- More wheat acres may help replenish global supplies: analyst
- Canola acres seen falling as farmers shift acres to cereals
Spring wheat grows in a field Brunkild, Manitoba.
Photographer: Shannon VanRaes/BloombergThis article is for subscribers only.
A soggy start to spring in parts of Canada may be good news for wheat supplies.
Wheat acres will rise 8.7% to 25.4 million acres, the highest level in a decade, Statistics Canada said Tuesday in a report. Analysts in a Bloomberg survey expected 24.7 million. High prices and heavy rainfall in parts of the eastern Prairies may have spurred farmers to shift acres to cereal crops.