Stats Canada 2008 Canola/Wheat Acreage Above Expectations

Stats Canada today report 2008 Canadian all wheat acreage at 25.099m acres. This compares to 2007's 21.617m acres and trade estimates of 24.35-24.60m acres.

Canola acreage is estimated at 15.812m acres, up from 14.726m acres in 2007 and above the range of analyst's pre-report estimates of 14.60-15.00m acres.