Market Talk: New Crop Canola Prices Too Low To Attract Acres: You just have to love talk of "buying" acres

Market Talk: New Crop Canola Prices Too Low To Attract Acres

I've heard most of the industry talking 13 million or 13.1 million acres of canola. Some doubt seems to be creeping in that price will have to increase to get that number.

Feedback from my producers is about the same. There is very little change in canola acres for our area. Rotation concerns and a lack to profitable alternatives limit our choices. But in "swing" areas maybe things could change.

I am getting some feedback about stretching rotations again. The last few years have seen canola- wheat- canola. (not the best practice) We could see more cereal going in eg. barley, oat, second crop wheat?

Anyway the post has some traders thoughts about "buying" acres. You really have to love that term.