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BMO Says 2015 U-S, Canadian Crop Production Went Opposite Directions

The Bank of Montreal says North American crop production was above trend again this year - the third straight year that's happened.

Economist Aaron Goertzen says that trend has kept downward pressure on crop prices and farm income, but has been a windfall for livestock farmers, food processors and consumers.

But he points out the situation is not the same in both Canada and the U-S.

While American farmers brought in another bumper crop, Canadian producers grappled with sub-par growing conditions for a second straight season.

Goertzen suggests composite Canadian crop yields fell about 5 per cent short of norms this year - about the same as they did last year.

However, he's also predicting that while crop receipts in the U-S are expected to dip by around 9 per cent this year, Canadian farmers can expect to see a slight uptick in crop revenue.

The BMO economist says that's at least partly because of the weak Canadian dollar.

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(left to right) SPS Deputy Chief Michael Van Sickle and Acting Chief Mike Federico. June 25, 2026. (Photo by Natalia Vega)

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(File photo courtesy of © Can Stock Photo Inc. / dehooks)

Scoreboard, June 26

The Toronto Blue Jays dropped their third in a row Thursday, 6-5 to the visiting Texas Rangers, and the Detroit Tigers suffered a 2-1 loss to Houston.