MarketsFarm — Canadian canola exports have slowed to a trickle, as supplies dwindle with only two months left in the current marketing year.
Only 900 tonnes of canola were exported out of the country during the week ended May 27, according to the latest data from the Canadian Grain Commission. That was down from the already-low 33,300 tonnes moved the previous week and well off the crop-year-to-date weekly average of about 112,000 tonnes.
Total canola exports through 43 weeks of the 2021-22 marketing year of 4.6 million tonnes are roughly half of what moved by the same time the previous year when weekly exports were averaging 216,000 tonnes.
Canadian wheat exports during the week came in at 168,900 tonnes, which was roughly half of what moved the previous week and below the year-to-date weekly average of roughly 228,000 tonnes.
Canada has exported a total of 9.5 million tonnes of wheat as of May 29, which compares with 16.6 million tonnes through 43 weeks the previous year.
— Phil Franz-Warkentin reports for MarketsFarm from Winnipeg.
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