Canadian grain exports are continuing to run at a very solid pace, with canola, wheat, and barley movement all up substantially on the year.
Total exports of Canada's major grains and oilseeds as of Nov. 29 came in at 18.9 million tonnes, according to Canadian Grain Commission (CGC) data. That is up by nearly 5 million tonnes from the same time the previous year.
At 4.2 million tonnes through the first four months of the 2020-21 marketing year, canola exports were well above average and the 3.1 million exported in the same period in 2019/20. Wheat exports of 6.7 million tonnes were up 26.4% from the previous year, while barley shipments of 1.3 million tonnes were more than double the 616,400 tonnes exported a year earlier.
Monthly data through October also shows that Chinese demand for several Canadian crops is running well ahead of last year, with 3.2 million tonnes of total Canadian exports to the country for the first quarter of the crop year - roughly double what moved during the same time period in 2019.
At 666,200 tonnes, Chinese wheat purchases were up 146%, while barley sales to the country were up 205% to 812,000. Chinese purchases of Canadian canola from August through October, at 716,000 tonnes, were up 87% on the year. Peas were also moving to China at a solid pace, with nearly 1 million tonnes shipped as of October.
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