Statistics Canada acreage estimate out today.
http://www.statcan.gc.ca/daily-quotidien/090623/t090623b1-eng.htm
No surprises except perhaps barley (down again). Need to look at the
survey and ask the question what changes occurred on late seeded crop
and re-seeding.
I suspect the market will look at this morning, go who cares and
continue to focus on weather.
Some will get excited about the canola number. What is important now
however is yields and the need side. On the latter, western Canada
needs a 10 million tonne crop to satisfy customer demand.
http://www.statcan.gc.ca/daily-quotidien/090623/t090623b1-eng.htm
No surprises except perhaps barley (down again). Need to look at the
survey and ask the question what changes occurred on late seeded crop
and re-seeding.
I suspect the market will look at this morning, go who cares and
continue to focus on weather.
Some will get excited about the canola number. What is important now
however is yields and the need side. On the latter, western Canada
needs a 10 million tonne crop to satisfy customer demand.
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