Canada’s wheat and canola crop production this season exceeded expectations after both crops were estimated at a record this season. Statistics Canada (StatsCan) raised its 2025 wheat production estimate to 39.96 million metric tons (MMT), up 3.3 MMT from the previous estimate. Output is also 11.2 percent higher than the previous year.

Helping wheat production was higher plantings, as farmers shifted some canola acres into wheat this year. Weather also played a major role in crop development in the Canadian Prairies, leading to favorable harvest conditions.

“In Western Canada, weather conditions were somewhat variable throughout the 2025 growing season,” StatsCan said in a note. “Despite dry conditions throughout early parts of the summer, timely precipitation later in the growing season considerably improved conditions.”

Strong Canadian wheat production comes as Argentina, Australia, and Russia also harvested relatively strong crops this past season. Global wheat production is forecast to hit a record 828.9 MMT during the 2025/26 season.

StatsCan raised its canola production forecast by 1.78 MMT from the previous forecast to 21.8 MMT, also hitting a record. Output is also 13.3 percent higher than the previous season. Record yields were reported as timely precipitation reached Western Canada late in the season.

For corn, production is estimated at 14.9 MMT, down 3.1 percent from the previous season. Lower yields drove the decline despite higher harvested acreage. StatsCan said lower yields were a result of dry growing conditions in parts of Eastern Canada.

Nationally, soybean production totaled 6.8 MMT, down 10.2 percent from a year ago. Production had increased in Manitoba, but was offset by lower output in Ontario and Quebec due to hot and dry conditions.

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PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. FUTURES TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS.