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More wheat to be planted this growing season

Canadian farmers intend to plant the most wheat in 22 years.

The Statistics Canada Principal Field Crop Area report said the war in Ukraine and drought in the United States tighten global supplies.

Canadian farmers expect to plant more wheat, canola, corn for grain, barley and soybeans in 2023, while area seeded to oats, lentils and dry peas is anticipated to decrease compared with the previous year.

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Weather's Role in Chasing 4th Consecutive Year of Record Crops

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Jim Roemer explains why a rapidly strengthening El Niño — paired with record heat baking Western Europe's corn crop — points toward a neutral-to-bearish summer for corn and soybeans, not a repeat of the historic 1983 Corn Belt drought.