Grain, oilseed exports at strong pace

MarketsFarm — Canadian grain and oilseed exports continue at a strong pace, with movement of canola, wheat and barley all running well ahead of the year-ago pace.

Crop-year-to-date exports of Canada’s major grains and oilseeds as of Sunday came in at 37.78 million tonnes, according to Canadian Grain Commission (CGC) data. That’s up by roughly 31 per cent from the same time the previous year.

Of that total, canola exports of 8.3 million tonnes through 36 weeks of the 2020-21 marketing year were up by 1.4 million tonnes from what moved by the same time in 2019-20.

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However, canola exports were finally showing signs of slowing down, with the 109,700 tonnes moved during the past week well below the previous five-week average of about 223,000 tonnes per week.

Total wheat and barley exports are also running well ahead of average, with 13.7 million tonnes of wheat and 2.8 million tonnes of barley exported to date. That compares with 10.9 million and 1.5 million tonnes respectively the previous year-to-date.

Active barley exports have cut into domestic supplies, keeping feed grain bids well supported in Western Canada.

Peas, oats, corn, and flaxseed exports are also up on the year.

— Phil Franz-Warkentin reports for MarketsFarm from Winnipeg.

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