Canada Markets

Statistics Canada Reports Large Flour Shipments

Cliff Jamieson
By  Cliff Jamieson , Canadian Grains Analyst
Connect with Cliff:
Statistics Canada reported 42,188 metric tons (mt) of Canada's wheat flour exported in April (wheat and durum, in grain equivalent). Cumulative exports in the August through April period are reported at 277,930 mt, already above the 10-year average of 240,000 mt and poised to exceed the recent high of 340,072 mt shipped in 2016/17. (DTN graphic by Cliff Jamieson)

Statistics Canada's release of exports of grains, by final destination for April shows 42,188 metric tons of all-wheat flour was exported in April, measured in grain equivalents. This is defined as red spring flour, durum wheat flour, white winter flour and flour not elsewhere specified. This is the largest monthly volume shipped since February 2015.

Over the past two months of March and April, a total volume of 77,574 mt was exported, the largest volume shipped over two months since August/September of 1991.

As seen on the attached chart, Canada's cumulative all-wheat exports are reported at 277,930 mt in the August-through-April period, already higher than the 10-year average and poised to exceed the recent high of 340,072 mt shipped in 2016/17.

According to the International Grains Council, global trade in flour will reach 17.1 million metric tons in 2017/18 after reaching a record 17.4 mmt in 2016/17. Current estimates suggest global trade could slip slightly in 2018/19 to 17 mmt.

While Canada may face challenges in world trade linked to location and cost structures, volumes are showing a modest increase during a period when global trade has stalled at recent levels.

DTN 360 Poll

This week's blog asks what you think about current soil moisture conditions. Too much rain? Still too little? You can weigh in with your thoughts on this week's poll, which is found at the lower right of your DTN Canada Home Page. We thank you for your participation!

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

Follow Cliff Jamieson on Twitter @Cliff Jamieson

(ES/)

Comments

To comment, please Log In or Join our Community .