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Canola exports slow down in latest weekly report

CNS Canada — Weekly Canadian canola exports were down during the week ended Sunday, hitting their lowest level since September 2017, according to the latest Canadian Grain Commission data.

Canada exported only 129,000 tonnes of canola during the latest reporting period, which compares with the previous five-week average of 194,800 tonnes.

Total canola exports during the crop-year-to-date of 5.908 million tonnes are in line with the previous year’s pace of 5.922 million.

Wheat exports during the week were also on the slower side, with 244,800 tonnes exported, about 100,000 tonnes off the previous five-week average.

A total of seven grain vessels were cleared in Vancouver during the week ended Tuesday, according to the latest Grain Monitoring Program report compiled by the Quorum Corporation. That was down from 10 vessels cleared the previous week, but still helped take the total lineup down to 25 vessels from 27.

Total unloads on the West Coast of 3,971 rail cars were down by 23 per cent from the previous four-week average and about 39 per cent below the same week a year ago, according to the weekly Quorum report.

— Phil Franz-Warkentin writes for Commodity News Service Canada, a Glacier FarmMedia company specializing in grain and commodity market reporting.

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