Thanks to a feedgrain deficit, Canada is now the third largest importer of US grains in all forms.
An opportunity was created for US corn and DDGS when a drought in Western Canada last summer significantly reduced the country’s barley and wheat supply, creating an ingredient deficit for cattle and hog feed. With those commodities less available, Canada has purchased 3.47 million tonnes of US corn and 352,111 tonnes of DDGS so far in the 2021-22 marketing year, according to the US Grains Council.
Those purchases mean Canada now only trails Mexico and China in terms of total imports of US grains in all forms.
In its February supply-demand outlook, Agriculture Canada projected imports of US corn for the entire 2021-22 marketing year at 4 million tonnes, up 144% from the previous year’s 1.63 million.
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