News Snapshot:
Canadian farmers seeded the most wheat in 22 years, slightly more than expected, and also planted more canola than the industry was forecasting, a government report showed on Wednesday. Canada is the world’s fourth-largest wheat exporter and the biggest shipper of canola, which mainly produces vegetable oil. The country’s wheat production is especially important this year with heavy rain and drought hitting wheat crops in China and the United States respectively. Parts of the Canadian Prairies are also dry, raising concerns about yields. Statistics Canada estimated plantings of all wheat – including winter wheat sown last year for harvesting this...
