Canadian farmers expected to plant most wheat since 2001 as drought, war hit global supplies

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Canadian farmers expected to plant most wheat since 2001 as drought, war hit global supplies
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Spring wheat plantings, the biggest portion of Canada\u0027s all\u002Dwheat production, are expected to grow the most since 2001. Read more here.

Global stocks of wheat and vegetable oil have been limited by obstacles facing Ukraine’s exports, and Russia has signalled it may not allow a deal securing a safe Black Sea grain corridor to extend beyond May 18.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“There’s a fundamental reason for putting wheat in the ground,” said Brian Voth, president of farmer advisory firm IntelliFARM, noting the tight global wheat stockpiles. “It got kick-started last year with the Russian invasion.” Spring wheat plantings, the biggest portion of Canada’s all-wheat production, are seen reaching 19.4 million acres, also the most since 2001 and up 7.5 per cent from last year, the report showed. Spring wheat is used in baking.

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France Dernières Nouvelles, France Actualités

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