| The following GAIN reports were released on January 24, 2025. _______ Wheat production in marketing year (MY) 2024/25 is estimated at 18.1 tons, higher on a larger area. Exports remain unchanged, with Brazil expected to be quite active. Barley production and exports in MY 2024/25 are expected to remain unchanged from the previous update. Corn production in MY 2024/25 is estimated at 49 million tons, although the current dry spell and high temperatures suffered in practically the whole country could hurt potential yields unless widespread rains are present soon. Smaller production would have a direct impact on exports, estimated at 34 million, practically unchanged from the previous year. Sorghum production in MY 2024/25 is estimated at 3.8 million tons, with exports at 1.5 million tons. While China has imported little Argentine sorghum year to date, it normally imports the bulk of it in the second half of the marketing year. Rice production in MY 2024/25 is now estimated up at 1.5 million tons rough base as good weather so far. Canada continues to be the top international market for U.S. consumer-oriented products, accounting for approximately 25 percent of the United States' total global consumer-oriented agricultural exports. Regulatory cooperation, sophisticated transportation logistics and financial markets, geographic proximity, similar consumer preferences, and relatively affluent consumers are the reasons Canada continues to offer excellent export opportunities for new-to-export small- and medium-sized U.S. companies. Contact the USDA Foreign Agricultural Service office in Ottawa at AgOttawa@state.gov to learn more about the promising export opportunities in Canada. For more information, or for an archive of all FAS GAIN reports, please visit gain.fas.usda.gov/. |
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