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Western Canadian farmers face an uncertain 2023 after the 2021 drought, with soil moisture still in deficit in parts of the Prairies despite better 2022 rains. Weather, the war in Ukraine, fertilizer emissions policy and inflation are cited as key risks to crops and food prices.
Dry soil moisture going into spring raises the risk of reduced Prairie crop output, which would support grain and oilseed prices.
cbc.caPaula DuhatschekJan 15, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
