The U.S. is not the only country dealing with ongoing drought right now.
The latest Canadian drought monitor shows majority of the country is covered in at least abnormally dry conditions, with some provinces even facing extreme to exceptional drought.
The USDA World Ag Outlook Board Chair shares what crops could be at stake.
“That has affected much of the wheat area across those provinces, and canola tends to be grown in much of the same areas as wheat. The main difference here being with canola. A lot of the main production regions for canola, especially within Saskatchewan and Alberta and up into the Peace River Valley of Alberta; they have escaped the worst of the drought conditions,” says Mark Jekanowski.
The USDA predicts the Canadian wheat crop to be down two billion bushels from the previous month and canola production down more than six percent.
Global apparel production is shifting, but the expected boost for North American cotton manufacturing has yet to materialize.
The move comes as the United States expands its trade enforcement efforts, with Brazil expected to become the first country targeted under a new series of Section 301 trade actions.
Global conflicts, labor policy, and tightening wheat supplies are all competing for the attention of agricultural markets as producers navigate another volatile growing season.
Industry leaders say continued monitoring, communication, and prevention efforts will be key to keeping U.S. livestock herds protected from foreign animal disease threats.
The situation will be closely watched as the harvest approaches and exporters prepare for heavier corn and soybean movement.
The next U.S. Drought Monitor is scheduled for release Thursday, providing an updated look at moisture conditions across the country.
