Canada Markets

For the first time in the weekly Grain Statistics Weekly report for the 2018/19 crop year, cumulative exports are reported higher than reported for the same week last crop year. As of week 4 or the week ending Aug. 26, cumulative exports of all grains though licensed channels was reported at 2.435 million metric tons, which is 1.25% higher than the same period in 2017/18 and 9.7% higher than the five-year average for the first four weeks.

As seen on the attached chart for selected crops, exports of wheat and oats for 2018/19 (grey bars) are higher than achieved in the same period last crop year and the respective five-year average (2013/14-2017/18). Wheat exports (excluding durum) are 10.4% higher than the same period last crop year and 3.7% higher than the five-year average. Durum exports, on the other hand, are reported down 41.2% from the same period last crop year and 8.1% below the five-year average.

Year-to-date canola exports are close to a similar pace seen this time last year, down just 4,700 mt or .9% from last crop year while 17% higher than the previous five-year average.

Looking across the western port terminals, exports from Pacific terminals are 7.4% lower than the same period last crop year, accounting for 62% of the total exports, which compares to 67.5% calculated for the same period last crop year.

An early harvest in many areas has allowed for aggressive producer deliveries. As of week 4, producers have delivered 3.7253 mmt of all grains into the licensed handling system, up 22.3% from the same period last crop year and 19.3% higher than the five-year average for this period.

Favorable movement has allowed for good space in the country system, with the current stocks reported as of week 4 at 3.0688 mmt accounting for 41.4% of the total storage capacity at 63.8% of the estimated working capacity.

Cliff Jamieson can be reached at cliff.jamieson@dtn.com

Follow Cliff Jamieson on Twitter @Cliff Jamieson

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