Winnipeg (MarketsFarm) — Farmers are delivering more grains and oilseeds as harvest progresses and that should spark more interest in exports.
The latest weekly data from the Canadian Grain Commission reports light export activity for canola through the first six weeks of the 2022-23 crop year, but growing supplies in the commercial pipeline thanks to steady farmer deliveries at harvest should see that activity pick up.
Farmers delivered 336,100 tonnes of canola during the week ended Sept. 11, which was up by 59 percent from the previous week and the largest influx of canola since January 2022. Wheat deliveries were also up on the week, topping one million tonnes for the first time ever in data going back 15 years.
Wheat exports were also solid during the week at 279,700 tonnes, which compares with 248,100 tonnes the previous week. However, total wheat exports through the first six weeks of the marketing year, at 1.456 million tonnes, were still running 20 percent behind the year-ago pace.
Canadian canola exports during the week of only 300 tonnes were the lowest on record and well behind the 88,300 tonnes exported the previous week.
