Tough Cana­dian crops are cop­ing all right with our wild weather

StarMetro Calgary - - CANADA & WORLD - Jen Sk­er­ritt

Canada’s wheat crops held up to a scorch­ing drought and snow del­uge bet­ter than an­a­lysts ex­pected.

Out­put of wheat will rise 6 per cent from a year ear­lier to 31.8 mil­lion met­ric tons, Statis­tics Canada said Thurs­day in a re­port. The new fore­cast, a turn­around from its pre­dic­tion of a 3 per cent drop back in Au­gust, also ex­ceeded the av­er­age es­ti­mate of 31.5 mil­lion tons in a Bloomberg sur­vey.

“When you look at the kind of weather we had — the blis­ter­ing heat in Au­gust fol­lowed by one of the worst falls peo­ple can re­mem­ber — you would think we wouldn’t have been able to pull off these re­sults,” Ken Ball, a se­nior com­mod­ity fu­tures ad­viser at PI Fi­nan­cial in Win­nipeg, said.

Ear­lier in the sea­son, swaths of the prairies were parched amid be­low-av­er­age rain­fall, lead­ing to es­ti­mates that both wheat and canola pro­duc­tion would tum­ble amid re­duced yields. Un­usu­ally wet, cool weather slowed the har­vest and snow dam­aged crops. De­spite drought and a snow del­uge, Canada’s wheat crops held up well.

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