Canadian wheat exports show strong growth amid record harvest forecasts

tonnes, or 13%, higher than the same period last year and 16% above the five-year average (2020–2025). The eighth week was particularly impressive, with exports reaching 841,000 tonnes. However, large harvests in Canada and globally are putting downward pressure on prices, creating a pessimistic mood in grain markets, though the oversupply situation is not the worst in history. In contrast to wheat, canola exports are disappointing, totaling just 796,000 tonnes during the same period, less than half of last year’s 1.951 million tonnes. Import restrictions from China continue to hinder this sector, although this year’s figures are slightly better than those in previous years with similar restrictions. ...