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2020: Record Year For Agricultural Exports In Saskatchewan

Saskatchewan produced $16.9 billion in agricultural exports last year, a 31 per cent increase over 2019 and a new high for the province.
 
Canola seed, non-durum wheat, lentils, canola oil and durum wheat remain Saskatchewans leading agriculture exports with our top international markets
being the United States, China, Japan and India.
 
Saskatchewan agri-food export destinations in 2020 were listed as the United States, China, Japan, India and Mexico.
 
Agriculture Minister David Marit says Saskatchewan producers grow safe, high-quality food that the world needs and our agriculture exporters remain committed to providing the world with these products.
 
Increases in primary production as well as a growing value-added sector have contributed to the record agri-food export growth in Saskatchewan.
 
In 2020, the Province's value-added exports totalled $3.2 billion and included canola oil, canola meal and processed oats.
 
The Province is currently working on opening new trade offices in Singapore, Japan and India in 2021 aas a means of increasing export diversification.
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Despite a Super Strong El Nino the early South American soybean planting pace is ahead of schedule.
The long-term forecast looks dry for the North but wet for the South including Argentina.
China bought 1.5 mmt of U.S. soybeans this week with rumors of 2 mmt and now at 68% of 25 mmt commitment.
The question mark remains the Chinese pledge towards the $17 billion in ag purchases.
NOPA weekly crush report was lower than expected. Another hot U.S. wholesale inflation print this week.
Investors rotating out of AI
Weak U.S. pork demand weighing on hogs
+ CFTC.