1/27/2016

Canada aims to U.S. in global wheat trade

Canada is aiming to supply the United States as the Western Hemisphere's dominant wheat exporter, as its invigorated grain-exporting sector cashes in on weakening currency and cheap freight rates. Canada overtook the United States in 2014/15 in wheat export volumes for the first time, exporting 24.1 million tonnes. It is forecast to fall short of eclipsing U.S. shippers in 2015/16, with both countries trailing top exporter Russia.