Canadian Grain, Oilseed Exports Strong

Canadian grain and oilseed exports have set at a rapid pace during the first 10 weeks of the 2020-21 crop year, with canola, wheat, and barley movement sharply higher.

Total exports of Canada's major grains and oilseeds amounted to 9.57 million tonnes as of Oct. 11, according to Canadian Grain Commission (CGC)data. That is up by roughly 2 million tonnes from the same time the previous year and compares with the five-year average of 7.27 million.

Of that total, canola exports of 2.29 million tonnes during the first two-and-a-half months of the 2020-21 marketing year were well above the average and the 1.53 million exported in 2019/20. Wheat and barley exports are also running well ahead of average, with 3.94 million tonnes of wheat and 514,400 tonnes of barley exported to-date. That compares with 3.09 million and 198,000 respectively the previous year.

Lentil and pea movement tracked by the weekly CGC report, which excludes container movement, are also up on the year.

Source: DePutter Publishing Ltd.

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