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The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.
Production of wheat, corn, barley, and oats is forecast to increase two percent year-over-year to 62.7 million metric tons (MT) in MY 2025/26 and area planted to grains will increase 2.2 percent year-over-year to 27.5 million hectares, according to Statistics Canada’s planting intentions survey.
FAS Dar es Salaam expects a ten percent decline in corn exports for marketing year (MY) 2025/26 as production decreases and strict export permit procedures continue to stymie shipments.
The wheat-growing regions of the Prairie Provinces experienced improved soil moisture conditions going into the winter months and during the first three months of winter.
According to preliminary model-based field crop estimates, spring wheat production in MY 2024/2025 fell one percent over the previous year on a 2.9 percent decline in area planted, partly offset by improved average yields.
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...
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
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.
FAS Dar es Salaam anticipates corn production will decline 6 percent in marketing year (MY) 2024/25 as farmers switch to alternative crops due to low corn prices. MY 2024/25 wheat imports are anticipated to reach 1.3 million metric tons (MT) as rising incomes and growth in the tourism and hospitality sectors increase demand for wheat products.
In marketing year 2023/24, wheat production fell seven percent from the previous year to 31.95 million metric tons as severely low soil moisture in vast sections of Alberta and Saskatchewan reduced yields.
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.
Wheat area rose to its highest level since 2001, at the expense of oats, rye, mixed grains, and lentils. Export volumes of wheat grain year-to-date (August to May) are up 78 percent over the same time last year, and wheat products (in grain equivalent) are up 21 percent.