Canola Stocks Heading to a 13-Year Low Despite Significant Prairie Drought Recovery — The Acreage Decision Remains Unresolved
The most recent Canadian Drought Monitor data, as of March 31, 2026 (Agriculture and Agri-Food Canada, National Agroclimate Information Service), shows 32% of Canada’s agricultural landscape classified as abnormally dry or in moderate to severe drought. This represents a significant improvement from February, when 60% of the country’s agricultural land was in drought — a nearly 50% reduction driven by above-normal March precipitation across much of the Prairies and central Canada.
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