Canada: Grain and Feed Annual

In marketing year (MY) 2024/25, Canada’s total production of principal grains (wheat, durum, oats, barley, corn) is forecast to increase by 4.9 percent to 61.4 million metric tons (MMT) over the previous year on an additional 1.7 MMT of wheat production. In MY 2023/24, FAS/Ottawa is forecasting a 55 percent increase in corn imports over the previous year, on strong demand for animal feed due to the impacts of drought in the Prairie Provinces. Though high, forecasted imports are just over half of the level imported during the drought that occurred in MY 2021/22. Food manufacturers, as of March, are paying the lowest price for wheat since April 2021, owing to a steady price decline that began in 2022. In contrast, consumers are paying 23 percent more for flour than they were in April 2021.