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Canada Sees Supply of Main Crops Dropping 26% on Drought Impact

  • 74% of Canada’s agriculture area was abnormally dry, drought
  • Canola output forecast to drop 20%, wheat production down 43%
Heat Stress And Dry Soil Damage Crops In Saskatchewan
Photographer: Kayle Neis/Bloomberg

Canada, the world’s biggest canola grower and a major wheat producer, forecasts a 26% drop in supplies of its main crops as drought ravages output and inventories shrink.

Grain and oilseed exports are expected to fall in the marketing year that started Aug. 1 for most crops, and inventories will drop due to low supplies, Agriculture and Agri-Food Canada said in a monthly report on Thursday. By the end of July, nearly three quarters of Canada’s agricultural area was abnormally dry or in a drought.