Russia, Argentina and Canada displace US, Europe in global wheat trade.

The global wheat trade saw a rebalancing from June to November 2017 as Russian, Argentinian and Canadian sales increased at the expense of the EU, the US, and Ukraine, Agricensus data analysis has shown. Russian, Argentinian, and Canadian exporters saw a 6.58 million mt net increase in wheat sales over the first five months of the 2017/18 marketing year, collectively increasing their share of the global wheat trade to 38% from 29%. At the same time, the EU, the US, and Ukraine have seen year-on-year sales drop by 5.82 million mt, with their total share of global trade falling to 40% from 47%.