Exports are expected to rise significantly
The 2024-2025 crop year for Canadian corn is projected to see a slight reduction in total supply, estimated at 19.3 million tonnes (Mt), down 3% from the previous year. This decrease is primarily attributed to lower imports, though carry-in stocks and production levels remain relatively stable.
Despite the lower supply, exports are expected to rise significantly, with projections of 2.7 Mt, driven largely by demand from Ireland, the United Kingdom, and Spain.
Domestic demand for corn is forecasted at 15.0 Mt, a 6% decline compared to the previous year, mainly due to lower feed, food, and industrial use. The price of Canadian corn is expected to average $225 per tonne, a modest increase from the previous year but still significantly below the five-year average.
For 2025-26, Canadian corn acreage is set to increase by 3% to a projected 1.5 million hectares (Mha), making it the second-highest planted area on record. Production is expected to decrease slightly to 15.1 Mt due to anticipated returns to trend yields. Despite the larger area, total supply is expected to drop by 3%, reflecting reduced carry-in stocks.