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Cereals Canada reports keeps global customers informed

Cereals Canada is back with its regular Growing Season Progress Report for the 2023 Prairie wheat crop

Director of market intelligence and trade policy Leif Carlson says global customers want to know how the Canadian wheat crop is progressing over the growing season.

The report focuses on seeding, crop conditions and quality, and harvest for wheat in Alberta, Saskatchewan, and Manitoba. 

The information is presented in a user-friendly format with provincial highlights, maps, and links to crop reports, as well as historical data for the past three years. 

Click here to see more...

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???? Wheat surges on drought: Prices jumped to multi-week highs as worsening dryness grips the Plains, with 70% of winter wheat in drought. Corn edged higher, while soybeans slipped.

??????? Mixed weather pattern: Rain improved parts of the Corn Belt, but drought worsened elsewhere—especially the High Plains and Kentucky. Nebraska conditions sharply deteriorated, with 56% in extreme drought.

????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

???? Exports mixed but solid: Corn sales dipped week-over-week but remain strong overall; soybean and wheat sales showed mixed trends, with steady global demand.