Canada: Grain and Feed Update

Intense heatwaves, strong winds, and lower-than-average precipitation will negatively impact MY 2021/22 wheat production in vast areas of the Canadian prairies. Parts of Ontario also experienced dryness but later received significant rain, resulting in the lodging of winter wheat. Demand from China continues to drive wheat exports in MY 2020/21. Strong global demand is expected to draw down ending stocks of durum, resulting in a stocks-to-use ratio of only ten percent in MY 2020/21.