MarketsFarm — Grain movement through the Port of Thunder Bay picked up in June, although total grain exports through the facility on the north shore of Lake Superior remain well off the year-ago level.
A total of 625,741 tonnes of grain were shipped during the month, marking the first time of the season that grain movement was up from the same month the previous year.
However, year-to-date grain exports of 1.73 million tonnes are still off by about a million tonnes from the same time in 2021 as the Prairie drought left fewer supplies to move.
“Stronger grain production predicted for this year will result in higher port shipments beginning this fall,” the port authority said in a statement, adding “global grain demand remains high while supplies are tight.”
Shipments of potash through Thunder Bay were strong in June, with total movement of 439,716 tonnes to-date more than double the potash movement by the end of June 2021.
