Canada Markets

Western Port Unloads Increase

Cliff Jamieson
By  Cliff Jamieson , Canadian Grains Analyst
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Week 45 western port unloads of all grain totaled 466,400 mt (blue line), increasing for the first time in five weeks and 3.5% higher than the four-week average. The three-year average (brown line) shows a brief increase in unloads for week 45/46, while the trend remains lower for the balance of the crop year. (DTN graphic by Cliff Jamieson)

Western terminal unloads increased to 466,400 metric tons in week 45 or the week ending June 11, the first week-over-week increase in five weeks after reaching a volume of 384,600 mt in week 44, the lowest volume unloaded since week 5 of the crop year. This activity includes unloads at the terminals at the Port of Vancouver, Prince Rupert and Thunder Bay.

The week 45 volume unloaded is 3.5% or 15,800 mt higher than the four-week moving average, or the first time in eight weeks that volume has exceeded this average. When compared to past years, the 466,400 mt unloaded is 113% higher than the same week in 2021-22, while is 23% below the three-year average, which is shown by the brown line on the attached chart.

As seen on the chart, the three-year average unloads points to increased activity in week 45 and 46 with unloads reaching their highest level in six weeks on average. This leads to the start of a downtrend that lasts through to the final week of the crop year, or the end of July, with the three-year average calculated at 448,000 mt.

Looking at stocks across the supply chain, western port terminal stocks are calculated at 937,300 mt, or 17.3% below the three-year average. Country elevator stocks are reported at 2.3683 million metric tons, or 19.7% below the three-year average.

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