Canadian canola and soybean export pace is second to last year

Published 2024년 1월 23일

Tridge summary

Canada has seen a significant decrease in its grain exports since the start of the 2023/24 season. Canola exports have dropped by nearly a third to 2.7 million tons, while soybean and wheat shipments have both fallen by 1% to 2.8 million tons and 11.2 million tons respectively. Other grains have also been affected, with barley sales down 44% to 0.9 million tons, corn down 9% to 0.5 million tons, and oats seeing an increase of 14% to 0.8 million tons.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Canada has shipped about 2.7 million tons of canola to foreign markets since the start of the 2023/24 season. Over the year, shipments of the North American oilseed abroad dropped by almost a third. Such data was released by experts of The Canadian Grain Commission (CGC). They note that a similar situation is developing with soybean sales: in 2023/24, exports of Canadian beans fell by 1% to 2.8 million tons. Wheat shipments are also 1% behind the pace of shipments in MY 2022/23 and now stand at 11.2 million tons. “Exports of soft wheat from the country during the period total 9.4 million tons, durum wheat 1.4 million tons (-38%), and grain of other varieties 0.39 million ...

Source: UkrAgroConsult