# ‘It’s crop insurance territory’ | The Western Producer

> MarketsFarm's initial Western Canada yield forecast shows spring wheat at 44 bu/acre (down 17%), canola at 33 bu/acre (down 13%), barley down 20% and durum down 24%. Analyst Bruce Burnett says drought areas are not being offset by good regions.

- Date: 2023-07-26 · published 2023-07-26T12:00:00.000Z
- Category: weather · region Canada · magnitude high
- Page: https://feedsoft.ai/events/34993-it-s-crop-insurance-territory-the-western-producer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A sharp Prairie yield decline reduces Canadian grain and oilseed supplies, supporting wheat, barley and canola meal prices.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-06-16 | [Dry conditions in Argentina cut crop’s size \| The Western Producer](https://feedsoft.ai/events/14028-dry-conditions-in-argentina-cut-crop-s-size-the-western-producer.md) | -2.3% | -13.8% |
| WHEAT | 2021-09-02 | [Exports to drop as crop shrinks \| The Western Producer](https://feedsoft.ai/events/45047-exports-to-drop-as-crop-shrinks-the-western-producer.md) | +1.3% | +1.1% |
| WHEAT | 2021-08-30 | [Exports to bear brunt of short crop \| The Western Producer](https://feedsoft.ai/events/45541-exports-to-bear-brunt-of-short-crop-the-western-producer.md) | +0.2% | +0.5% |
| WHEAT | 2017-07-27 | [Crop futures higher Thurs. on dry weather \| The Western Producer](https://feedsoft.ai/events/70067-crop-futures-higher-thurs-on-dry-weather-the-western-producer.md) | +6.5% | -1.1% |
| WHEAT | 2026-04-29 | [U.S. hard red winter wheat crop finds itself in trouble \| The Western Producer](https://feedsoft.ai/events/19780-u-s-hard-red-winter-wheat-crop-finds-itself-in-trouble-the-western-producer.md) | -3.1% | -0.4% |

## Sources

- producer.com: https://www.producer.com/crops/its-crop-insurance-territory/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.