As of 2023, Canada's wheat feed and residual stood at a certain level marking the basis for future forecasts. From 2024 onwards, a steady growth is anticipated with forecasts predicting incremental increases: 4.1 million metric tons in 2024, gradually rising to 4.23 million metric tons by 2028. This reflects a consistent year-on-year growth, which implies a mild but steady rise in wheat feed and residuals over the five-year forecast period.
Future trends to watch for include:
- The impact of climate change on wheat production levels.
- Shifts in domestic and international demand for wheat-based products.
- Technological advancements in agricultural practices boosting wheat yields.
