Bloomberg: The world's supply of wheat is in danger.

The global wheat supply may be in jeopardy due to exceptionally dry weather in Canada, according to Bloomberg. David Streit, head meteorologist at Canada’s Commodity Weather Group, reported that certain sections of the Canadian Prairies are suffering from the second-driest beginning of the year in nearly half a century. Canada’s Agriculture Ministry reported that major spring farming regions such as Alberta, Saskatchewan, and Manitoba recorded less than 60% of the average precipitation since September 1 last year. The lack of rain is making the farmland too dry to plant wheat and canola crops. Canada is one of the world’s top producers of canola and wheat, with last year’s total wheat production amounted to 33.8 million tons and canola output was 18.2 million tons. However, the current drought may seriously damage this year’s chances for a good harvest, experts warn.