Canadian Crops Forecast to Drop in Production

On Thursday, Statistics Canada released its latest Production of Principal Field Crops report. In it, it predicts that almost ever crop is set to decrease in production from last year. Given that last year’s record setting crop, a decrease will return production to normal levels. Wheat production is projected to drop 26.2% to 27.7 million tonnes, and oat production is set to drop 32.1%.

You can find the full report here.