Canada's total wheat exports totaled 2.7 million tons in January, up from 1.92 million tons a month ago, according to the Canadian Grain Commission. It was also a new monthly high, surpassing the previous January 2021 record of 2.45 million tonnes. And on a monthly basis, January deliveries were the highest since July 2020, when they amounted to 2.77 million tons. Soft wheat shipments, mostly Canadian Western Red Spring (CWRS), totaled 1.88 Mt in January, compared to 1.56 Mt a month ago and 935,000 mt a year earlier. Japan was the largest buyer in January, purchasing about 211,000 tons. Peru follows with about 200,000 tons. The total export of soft wheat since the beginning of the 2022-23 marketing year (August-July) has increased to 9.94 million tons from 5.89 million tons in August-January a year ago. China remained the largest buyer of 1.89 million tons, ahead of Japan and Bangladesh.
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But overall support for wheat exports has come from durum wheat, with crop shipments rising to a record 791,000 tons from 356,000 tons in December and only 132,000 tons a year ago. Solid cargo was mainly headed to Italy, Algeria and Tunisia, which together received 603,000 ...