Farmers continue to aggressively deliver grain, with week 31 CGC data showing a total of 28.687 million metric tons of all grains delivered into primary elevators, up 10.8% from 2014/15 and 24.9% above the five-year average for this week. Shipments from primary elevators are also taking place at a favourable pace, up 7.7% from last year and 23.5% above the five-year average.
The accompanying chart shows the difference between cumulative primary elevator shipments and cumulative producer deliveries into primary elevators, with blue bars representing weekly data for 2014/15 while the red bars represent weekly data for 2015/16. A positive reading above zero represents a week where weekly cumulative shipments exceed producer deliveries, while bars below zero represent weeks where cumulative shipments fall short of cumulative producer deliveries.
The current week's data for week 31 indicates cumulative shipments from primary elevators falling short of cumulative producer deliveries into primary elevators by 1.718 mmt, a volume which has grown over the past nine weeks. In comparison to 2014/15, this volume is exactly double the volume calculated for the same week last year.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT T
In 2014/15, the maximum difference between primary shipments and producer deliveries was reached in week 32 at 858,050 mt, (deliveries exceeding shipments).
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