Canada: Grain and Feed Update

Significant rainfall has alleviated severe drought conditions in large regions of Alberta and Saskatchewan but more is required to support wheat growth. Large regions of Manitoba that were waterlogged in June, now have adequate conditions after a heat wave dried up excess water. Wheat prices began to fall in June on improved North American drought conditions and optimism that Ukrainian grain exports may be able to resume via the Black Sea. Year-to-date wheat grain imports (excluding wheat products) are up 34 percent after the 2021 drought reduced domestic supplies.