Canola could be the big winner in the in the 2012 Prairie crop year according to crop production forecasts released today at the Wild Oats Grainworld conference in Winnipeg.
The forecast, published by FarmLink Marketing Solutions, indicates that for the first time ever farmers will seed more canola acres than non-durum wheat across the Prairies in 2012 — 19.4 million acres of canola compared to 19 million acres of wheat.
Although more acres of canola were harvested than wheat last year, it was only due to the fact that more wheat than canola was wiped out because of extensive flooding, especially throughout southern Manitoba.
For the first time in more than two decades the annual Winnipeg grain market conference was not organized by the Canadian Wheat Board.
Instead, John Duvenaud, publisher of Wild Oats Grain Market Advisory, took responsibilty for the event. Participants seemed to be unanimous in their assessment that the event retained its value to the grain marketing industry in western Canada.