Early season Canadian wheat exports are going well, an important development in a year when it looks like we might harvest a record wheat crop.
The expectation of good wheat crops here and around the world are putting downward pressure on prices, and there is a general depressed feeling across all crop markets, even though there have been years when the oversupply situation appeared much worse.
The good news is that in the first nine weeks of the crop year, to Oct. 5, wheat exports totalled 3.57 million tonnes, according to the Canadian Grain Commission.
That is up 413,000 tonnes, or 13 per cent, over last year at the same time and almost 16 per cent ahead of the five year average from 2020-21 to 2024-25.
The big disappointment is in canola, where exports totalled 796,000 tonnes, less than half last year’s exports of 1.951 million tonnes at the same point.
