The heat wave and drought that hit the United States also affects eastern Canada. Regions of southern Ontario and Quebec, from which most of the corn production in the country comes, are especially affected according to Agriculture and Agri-Food Canada.
In some places rainfall has been less than 40% of the seasonal average in the last 30 days. Corn yields could be significantly reduced.
Canada is quite a small producer of corn, with around 11 million tonnes a year over the past two years, with just over 1% of crops worldwide.
But with a drastic decline expected in corn production in the U.S. and its impact on corn prices, a significant reduction in Canadian yields – production was expected until then to be around 13 million tons by the USDA – could have consequences, at least on the local market.