Canada: Grain and Feed Update

FAS/Ottawa is forecasting total wheat production to reach 35.5 million metric tons (MMT) in marketing year (MY) 2024/25, an 11 percent increase over the previous year, because of significant improvements in crop conditions in the major wheat-growing regions in the Canadian prairies. Total wheat exports are forecasted to reach 24 MMT in MY 2023/24, equating to 68 percent of domestic supply, which is one percentage point above the record-high recorded in MY 2022/23 and eight percentage points above the ten-year average. Canada is forecasted to become the world’s third largest exporter of wheat in MY 2023/24, after Russia and the European Union, according to international data from the USDA.