Our thoughts after hearing Glen Hodgeson this morning and Garry Hnatowich and Marlene Boersch yesterday.
Global wheat demand is stagnant compared to Oilseed growth and our many many global competitors have freight advantages over us into Africa. There are far fewer competitor for Oilseeds and that market is growing. We have a commanding freight advantage over the US and South America and Manitoba for that matter.
Our Freight out of Vancouver into China is only 17-18 days to while US is 34 and Brazil is 40.
With less acres needed for wheat and 20-21 million Canola acres becoming a maximum. We will need to see 5-10 million Bean acres over time.
Remember – it took our farms a solid 5 years to get good at growing Canola. It will take that with Beans too. I don’t like yield potential enough yet to recommend more than 5% of rotations now but we will be able to ramp that up sooner than you think given the breeding programs in effect.
So time to be setting yourself up for a future where nearly 50% and maybe more of our rotation in South Saskatchewan will be an Oilseed.
Sent from my J-MAS iPad