Canadian Exports Running Well Behind Year-Ago Pace

Canadian grain exports are running well behind the year-ago pace through the first few weeks of the 2021-22 marketing year, as smaller supplies and high prices limit offshore demand.

Total exports of all of the major grains, oilseeds and pulses amounted to 3.162 million tonnes as of Sept. 12, down by about 2.1 million from the same time the previous year, according to the latest Canadian Grain Commission report. Of that total, canola exports-to-date of 297,100 tonnes were 75% behind the 1.194 million tonnes moved during the same timeframe in 2020-21.

Wheat exports of 1.754 million tonnes were running 30% behind the previous year's pace. However, at 475,600 tonnes, durum exports were actually running ahead of a year-ago. Still, durum exports are expected to slow down moving through the marketing year as demand will need to be rationed going forward.

Barley exports through Sept. 12, at only 19,600 tonnes, were well off the 227,000 tonnes moved by the same time the previous year.

Drought conditions across the Prairies during the growing season cut into the production of most crops, with wheat output down 38.3% at 21.7 million tonnes, canola down 34.4% at 12.8 million and barley down 33.5% at 7.1 million tonnes.

Source: DePutter Publishing Ltd.

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