Canada Markets

Week 14 CGC Wheat Export Data

Cliff Jamieson
By  Cliff Jamieson , Canadian Grains Analyst
Connect with Cliff:
@CliffJamieson
As of Week 14, Canadian Grain Commission data shows wheat exports slightly ahead of the pace required to meet the current government target of 18.5 million metric tonnes (excluding durum). The green bars represent the weekly volumes and the blue line represents the amount needed each week to reach target, as measured against the primary vertical axis. The black line shows the cumulative volume needed each week to meet target, while the red line is the actual cumulative volume moved, both measured against the secondary vertical axis. (DTN graphic by Nick Scalise)
As of Week 14, Canadian Grain Commission data shows wheat exports slightly ahead of the pace required to meet the current government target of 18.5 million metric tonnes (excluding durum). The green bars represent the weekly volumes and the blue line represents the amount needed each week to reach target, as measured against the primary vertical axis. The black line shows the cumulative volume needed each week to meet target, while the red line is the actual cumulative volume moved, both measured against the secondary vertical axis. (DTN graphic by Nick Scalise)

Week 14 wheat exports (excluding durum) reported for the week ending Nov. 9 from licensed facilities in Canada were reported at 282,600 metric tonnes, 24% above the week-ago volume and just above the three-week average. This is below the weekly volume needed to stay on track to achieve the 18.5 million metric tonne export target set by AAFC for the fifth consecutive week, as seen by the green bars on the attached chart failing to reach the blue line.

Year-to-date volume totals 5.011 mmt, and is 451,000 mt or 9.9% above year-ago volumes. This cumulative volume is just 30,230 mt above the cumulative pace required to achieve the annual export target, excluding unlicensed exports as well as exports of flour. 

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Week 14 exports of durum were reported at 118,300 mt, the fourth highest weekly volume seen this crop year and above the weekly volume needed this week to achieve the 4.7 mmt export target set by AAFC. Year-to-date durum exports from licensed facilities of 1.496 mmt are 21.8% above year-ago volumes, while 230,600 mt ahead of the cumulative volume needed to meet the export target.

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

Follow Cliff Jamieson on Twitter @CliffJamieson

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As of Week 14, Canadian Grain Commission data shows wheat exports slightly ahead of the pace required to meet the current government target of 18.5 million metric tonnes (excluding durum). The green bars represent the weekly volumes and the blue line represents the amount needed each week to reach target, as measured against the primary vertical axis. The black line shows the cumulative volume needed each week to meet target, while the red line is the actual cumulative volume moved, both measured against the secondary vertical axis. (DTN graphic by Nick Scalise) 
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