According to U.S. Department of Agriculture (USDA) data, Canada is on track to be the world's third-largest wheat exporter for the second year in a row as crop production in the prairie provinces continues to increase.
USDA data shows Canada overtaking Australia for the third-place spot in the 2023-24 crop year, and predicts a similar ranking for 2024-25.
Canada is now behind only Russia and the European Union when it comes to volumes of wheat exports.
According to a 2024-25 outlook released last week by Agriculture and Agri-Food Canada, production of all principal field crops in the country is estimated to increase 1.8 per cent year-over-year, and 2.4 per cent above the previous five-year average.