Canada's grain, oilseeds export pace falls by 29% week to Aug 21

Canada's grain and oilseeds exports pace decreased by 29% through the week ending August 21, data from Canadian Grain Commission showed Friday.

Total exports for the marketing year amounted to 1 million mt, showing a 33% decrease year-on-year, with 279,000 mt, shipped during the reporting week.

The weekly wheat export pace decreased by 57% compared to the previous week, bringing the total wheat export figure for the current marketing year to 662,800 mt, which is 32% lower than last year.

Barley exports during the week amounted to only 3,600 mt which is 43% below the previous week's pace, putting the total figure for the current marketing year at 65,500 mt, a sharp increase as only 2,300 mt was exported during the same period last year.

Durum weekly export pace decreased by 32% to 40,300 mt, putting the total since August 1 at 109,700 mt, which is 58% below the previous year's figures.

Rapeseeds weekly export pace has increased twenty-two-fold to 62,900 mt, bringing total exports since the beginning of the season to 75,200 mt, or 60% down year-on-year.

Some 12,600 mt of corn was exported during the reported week, putting year-to-date figures at 45,600 mt, while no corn volumes were exported during the same period last year.