Canada: Grain and Feed Update

FAS Ottawa forecasts total wheat production to be 31.1 million metric tons (MT), down ten percent year-over-year (y/y) on lower yields due to widespread drought across the prairie provinces. While MY 23/24 average wheat yields are lower than last year, dryness throughout most of the growing season in the prairie provinces has given rise to high wheat quality grades. Canada imported a record USD $269 million in U.S. wheat products and flour in MY 2022/23 because of low domestic supply due to drought, and high food prices.