USDA attache report notes drought, 'sub-par' conditions for Canada's wheat crop
July 24 (Reuters) - Following are selected highlights from a report issued on Thursday by the U.S. Department of Agriculture's Foreign Agricultural Service post in Ottawa:
"Marketing year (MY) 2025/26 wheat production is under pressure from sub-par spring and winter wheat conditions in key Prairie provinces — drought is a central challenge. Exports, especially durum, are strong. The 5 million metric ton (MT) year-to-date (YTD, as of May 2025) durum exports reflect robust demand, while non-durum shipments are relatively stable. Feed wheat markets are being squeezed by competition from alternative grains. Carry-out stocks are tightening in MY 2024/25. Poor crop recovery or moisture stress could pose further supply risks. The tariff situation is fluid, with ongoing negotiations and potential changes to trade policies, creating uncertainty in the wheat market. ... FAS/Ottawa forecasts that total wheat production will be 35,150 thousand metric tons (MT), based on Statistics Canada’s June 27 data update on seeded area, Canada's three-year average harvest rates, and three-year average yields of each of the three major wheat classes grown in Canada: spring wheat, durum, and winter wheat."
To read the full report, click: https://tinyurl.com/3vvybdpe
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