Canada’s grain and oilseed exports amounted to 1.6 million tonnes in the two-week period ending December 31, implying a slowdown in pace towards the end of the year, data from the Canadian Grain Commission showed on Monday
Total exports for the marketing year since August 1 amounted to 19.1 million tonnes, which was 1.55 million tonnes or 8% below the corresponding level a year ago.
Wheat recovered slightly, durum and corn remained stable
In the last two weeks of the year, wheat exports amounted to 839,000 tonnes, which compares to 366,000 tonnes exported in the previous reporting one-week period, implying a slight recovery in pace.
The total exported volume amounted to 9.1 million tonnes, which is 12% higher compared with the previous year’s pace.
The export pace of durum remained stable during the reporting period and amounted to 86,100 tonnes, bringing the total export figure for the current marketing year to 1.2 million tonnes, which is 36% lower year on year.
The pace of corn exports was also flat with 118,400 tonnes of corn shipped over the two weeks, taking the total exported volume this marketing year to 505,900 tonnes, a 10% decrease compared with the previous year.
Rapeseed (canola) and soybean fell; no barley exports
Rapeseed (canola) exports fell during the two weeks to 82,500 tonnes, below the previous week’s pace of 171,200 tonnes, while the total figure for the current marketing year stands at 2.5 million tonnes, 30% behind the volume recorded a year earlier.
The pace of soybean exports slowed down by an average of two times as in two weeks it was exported 367,600 tonnes, which is comparable to almost the same volume shipped in one week.
The total export figure for the current marketing year stands at 2.6 million tonnes, a 4% increase compared with last year.
Finally, there were no barley exports for two weeks, leaving the cumulative amount since the beginning of the marketing season unchanged at 868,900 tonnes, a 45% decrease in annual terms.
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