Overview of the grain and feed market in Canada

Wheat acreage rose to its highest level since 2001, driven by oats, rye, mixed cereals and lentils. Wheat exports since the beginning of the year (August to May) increased by 78 percent compared to the same period last year, and wheat products (in terms of grain) increased by 21 percent. Up until the suspension of the Black Sea Grain Initiative, wheat export prices have been declining during the marketing year due to a large global supply of wheat and relatively volatile global grain trade. Extreme dry conditions persist in southern Alberta, with severe drought extending into central Alberta. Brief downpours have helped stabilize crops in the northern ...