The historical data for wheat feed in Canada from 2014 to 2023 shows notable fluctuations. Peaking at 3.73 million metric tons in 2016 due to an 86.54% year-on-year increase, the volume has since generally trended downwards. By 2023, wheat feed volume stood at 2.28 million metric tons, reflecting a slight year-on-year decrease of -1.04%. A five-year CAGR of 0.81% indicates a relatively stable trend with minimal growth.
Future trends to watch for:
- A continued gradual reduction in wheat feed volume, with a forecasted 5-year CAGR of -0.89%, reaching approximately 2.15 million metric tons by 2028.
- Potential market adjustments based on global wheat prices, changes in livestock farming practices, and domestic policies impacting crop production.
