Tariffs Drive Canadian Shift to Spring Wheat

• Canadian farmers are moving from canola to spring wheat due to tariffs from China and the U.S. impacting canola profitability.
• Interviews with farmers and analysts reveal a significant acreage shift towards wheat, which is more globally trade-friendly.
• Canadian wheat production is supported by government funding, responding to foreign trade pressures and improved profitability.
• In contrast, U.S. farmers prefer corn and soybeans over wheat due to better financial returns, causing a decline in U.S. wheat planting.
• Canadian farmers like Korey Peters embrace wheat, benefiting from new high-yield varieties despite its 'poverty grass' reputation.

Source: Reuters