The forecasted wheat supply in Canada from 2024 to 2028 indicates a steady increase, beginning at 36.23 million metric tons in 2024 and gradually rising to 36.77 million metric tons by 2028. Comparatively, in 2023, the wheat supply stood at 36 million metric tons. The year-on-year growth rates are modest, with each year showing a slight increase, reflecting stable supply conditions. The compound annual growth rate (CAGR) over the upcoming five years is minimal, suggesting an average increase per year in line with these modest variations.
Future trends to watch for include:
- Climate variability impacts on wheat yields.
- Technological advancements in agricultural practices.
- Policy shifts regarding agricultural exports and tariffs.
- Global market demand influencing Canadian wheat exports.
