Canadian Cereals Sector Drives Economic Growth and Employment in Canada

Mar 14, 2023

The Canadian cereal grains value chain plays a critical role in Canada's economy by creating jobs, supporting families, and driving economic growth. According to a recent report commissioned by Cereals Canada, Canadian-grown wheat, barley, durum, and oats had an estimated total economic impact of $68.8 billion, including more than 370,000 Canadian jobs, and $27 billion in wages.

The report entitled "The Economic Impact of Wheat, Durum, Barley, and Oats on the Canadian Economy: 2022" highlights the significant contribution from these four crops. Cereals Canada engaged LMC International, an independent economic consulting firm focused on the agriculture and agribusiness sector, for the study.

"The cereals value chain is a major contributor to Canada's success," said Dean Dias, chief executive officer at Cereals Canada. "The report reinforces the vital role that the Canadian cereals industry plays in Canada's economy."

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Video: Midwest Weather Shock: Flash Drought Turns Into Heavy Rain Threat This Week (2026 Forecast)

A rapidly changing Midwest weather pattern is unfolding in 2026 as areas that recently slipped into abnormal dryness and flash drought conditions are now facing the threat of heavy rain and repeated storm systems.

After a wet spring erased early drought conditions, regions across Illinois, Iowa, Wisconsin, Minnesota, and northern Missouri have quickly dried out again since mid-to-late May. Soil moisture is dropping fast, and crops like corn and soybeans are beginning to feel the stress of rising temperatures and lack of consistent rainfall. Now, weather models show a major shift.

A developing system moving in from the Northern Plains is expected to bring multiple rounds of showers and thunderstorms, with the potential for locally heavy rainfall across the Midwest. While some areas may miss out, others could finally see much-needed relief from the growing dryness. In this video, we break down:

Current drought conditions across the Midwest

Why a flash drought is developing quickly

Timing and path of incoming storm systems

Which states are most likely to see heavy rain

How long this wet pattern could last

Will this rain end the drought or create new flooding risks? Watch the full forecast to find out.