Brisk exports cut into the grain, oilseed stocks in Canada

Published May 13, 2021

Tridge summary

In April, the delivery of Canadian canola to export terminals at the Port of Vancouver significantly increased by nearly 30% compared to the same period last year, averaging almost 170,000 tonnes a week. This surge is part of a larger trend, with total canola deliveries in the four-week period ending May 3 reaching 674,000 tonnes, up from 521,000 tonnes in the same period in 2020. The Canadian Grain Commission's data also highlights a decrease in remaining stocks of various crops, including canola, wheat, soybeans, barley, and lentils, due to record exports and strong global demand, particularly from China, during the COVID-19 pandemic.

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

Original content

The amount of Canadian canola delivered to export terminals at the Port of Vancouver averaged almost 170,000 tonnes a week in April, easily surpassing the pace of deliveries in April 2020. According to data from the Canadian Grain Commission, nearly 675,000 tonnes of canola were delivered to Vancouver export facilities in the four-week period ending May 3. During the same four-week period a year ago, terminal receipts of canola stood at 521,000 tonnes, an average of roughly 130,000 tonnes a week. That’s an increase of nearly 30 percent compared to April 2020. Last week, Statistics Canada released its latest estimates of remaining stocks of principal field crops in Canada. The report said stocks of all major crop kinds as of March 31 including wheat, canola, barley, soybeans, peas, oats and lentils were down compared to a year earlier. StatsCan cited record exports and strong global demand for Canadian crops during the COVID-19 pandemic. “Export demand was led by China, which has ...

Source: The Western Producer