10 Countries that Export the Most Wheat in the World

2. United States

Exported value: $5.6 billion

According to Bloomberg, America’s wheat export is facing decline because of “the stronger dollar, climate change, rising competition and stagnant yields”. The shipments are expected to decline by 9.3 percent this year to 21.1 million tons, which is the lowest exported quantity since 1972. For years US farmers have been replacing wheat with corn and soybeans because these two commodities bring more money. Corn and soybeans are usually genetically modified to bring higher yields. Wheat can also be submitted to GM process, but consumers are not likely to buy bread made from GM grain which is the reason why farmers do not grow GM wheat. At the same time, Russia and Ukraine have overtaken America’s top shipment destination in the Middle East, while countries like Canada and EU states have increased wheat production becoming important players on the global market.