# Canada. Fall prices give first indication of spring acreage

> Current price indications point to fewer canola and barley acres in Canada for 2024, with a rebound in oat and lentil acres. Canola has slumped to slightly more than C$15 a bushel, about C$4 below a year ago, and feed barley and spring wheat are each down by roughly C$2 or more. Durum has slipped to about C$13 after growers had hoped for higher prices amid drought.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33701-canada-fall-prices-give-first-indication-of-spring-acreage
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Oats](https://feedsoft.ai/c/OATS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower prices reduce crop insurance values and the incentive to plant alternatives, which shifts acreage away from barley and toward oats. Weaker barley and wheat values, combined with Chinese feed barley buying from Australia, point to softer feed grain prices, while firmer oats prices reflect tighter carryover.

## Read by commodity

- OATS: bullish ▲
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/canada-fall-prices-give-first-indication-of-spring-acreage/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.