Statistics Canada released their July 2022 model\u002Dbased principal field crop estimates on Monday forecasting a return to normal.
Advertisement 4Provincewide, barley is tracking at 73.7 bushels per acre with a five-year average, minus 2021, of 72.18. Canola is at 44.3 with an average of 41.68, durum wheat is at 48.7 on a 41.28 average and spring wheat is at 58.5 on a 55.64 average.
“I still think a lot of people are thinking that,” said Newman. “The prices are just not holding guys into the business. … It’s just really hard because the costs are so high.” According to Tom Steve, general manager of Alberta Wheat Commission, wheat was at $14 per bushel in March and is now running between $11 and $11.50; canola has dropped from the low $20-range to $18.50; while durum wheat has dropped almost 50 per cent from $22 to a range of $11 to $11.30.
“Anecdotally, we heard a lot of farmers were more reluctant to price a high percentage of their crop going into this year than they were going into 2021,” said Steve. “I think a lot of farmers found that grain companies weren’t always as flexible as they had been in the past in terms of buyouts on contracts.”
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