Canada Markets

Canadian Grain Exports Slowing

Cliff Jamieson
By  Cliff Jamieson , Canadian Grains Analyst
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Week 46 Canadian Grain Commission shows waning export activity from licensed terminals, with 446,400 metric tons of all grains shipped, which is the smallest weekly volume reported this crop year, given the combined week 21 and 22 data. Movement is well below the four-week moving average (red line). (DTN graphic by Nick Scalise)

For a few weeks, we've been noting slowing activity at Canada's west coast terminals, given the weekly vessel lineup which has been well below the one-year average for the past several weeks as reported in Quorum Corporation's Weekly Performance Update.

Total weekly exports of all grains from licensed terminals was reported at 446,400 metric tons in week 46, or the week ending June 19. As seen on the attached chart, weekly shipments shown by the blue bars are well below the previous four-week average for the fourth time in the past five weeks. The volume moved was the lowest weekly volume shipped in the weekly data provided this crop year, although the week 21 and week 22 data are combined.

Week 46 exports of 446,500 mt compares to the same-week volume in 2014/15 at 535,300 mt and the five-year average at 544,960 mt.

DTN 360 Poll

This week's poll asks what you think about current forecasts for Canada's ending wheat stocks at the end of the 2015/16 crop year. Will stocks be as tight as is being indicated in current government forecasts? You can weigh in with your thoughts in this week's poll, found at the lower right of your DTN homepage.

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

Follow Cliff Jamieson on Twitter @CliffJamieson

(ES)

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