Gurney, if you google, you will find that South Africa also uses these terms.
This link is to a pineapple canner in Hawaii which I selected because the description of the process is interesting. It is standard USA usage. They pack 'fancy' and 'choice'.
Mauiland

Here is a Canadian site. Scroll down to Minimum Grade, where fancy, choice and standard are listed.
Inspection

In the United States, the consumer meat grades are prime, choice and select.

I bought some canned apricots today, 'choice grade,' "product of U. S. A." Fancy grade is expensive, and the only real difference is appearance.