The market decline comes despite ongoing logistics disruptions across the Black Sea region, which have severely curbed export volumes from major competitors Russia and Ukraine.
Despite the monthly surge, imports were 47% lower than in October 2025, reflecting cautious buying, currency pressure and continued uncertainty around Black Sea export routes.
The decline is expected to tighten domestic supplies and could weigh on Canada’s wheat exports in the coming marketing year.
Even as flour production drifted lower in the third quarter, flour capacity was up.
Australia’s barley production is forecast to reach a record of 17.7 million metric tons (MMT) in 2026/27, while wheat production is forecast to decline 11% to 32.0 MMT.