Canadian grain crop expected to rise

A 30% increase in grain crops is expected in Canada in the 2022-2023 season, the USDA predicts. According to her estimates, the wheat harvest in Canada should be 31.6 million tons, which is almost 43.6% more than last season. In this regard, wheat exports are expected to grow by 40.4% to 21.9 million tons. “If Ukraine fails to harvest a decent harvest of winter crops, then the distribution of Canadian wheat supplies is likely to change,” the USDA said. “Last season, Indonesia, Bangladesh, Morocco and Tunisia imported it from both Canada and Ukraine.” Along with wheat, barley harvest is expected to increase by 36.2% to 9.4 million tons. However, the corn crop may fall by 2.2% to 13.6 million tons, as its cultivation in Canada is highly dependent on the supply of mineral fertilizers from Russia, which have fallen sharply in recent years and caused their sharp rise in prices. Under such conditions, Canadian imports of corn in the 2022-2023 cropping season could rise by 200% to 4.8 ...