Canada’s Dry Bean Acres Projected to be Lower
Statistics Canada is projecting dry bean acres to total 257,000 acres this year. That’s down from 298,000 acres last year or 13.6 percent. The StatCan planting intentions report traditionally is based on surveys conducted in March. The survey was conducted from December 12, 2022 to January 14, 2023 this year. The early timing left traders skeptical because it does not include the latest price data and information about crop insurance coverage.