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See event listings and more articles in this edition of Agri-News: November 21, 2022 issue
“Weekly updates from the Canadian Grain Commission provide useful crop market movement and demand information,” says Neil Blue, provincial crops market analyst with the Alberta government.
The CGC numbers include only movement of bulk crops through facilities licensed by the CGC, so exclude container movement of crops.
“The latest Canadian Grain Commission numbers on Canadian crop movement from August 1, 2022 through November 6, 2022 compared to last crop year show for most crops producer deliveries are near or exceed the year ago pace.”
Chart 1. Comparative producer deliveries to November 6, 2022
Source: Canadian Grain Commission
Producer deliveries to the elevator system were not delayed this fall by weather. Wheat has been in strong demand from the elevator system. Strong domestic demand for barley continues to compete against the export market.
Chart 2. Comparative crop exports to November 6, 2022
Source: Canadian Grain Commission
“Wheat has outstanding crop export volume to date,” says Blue. “A reason for that could be the very low carryover of most other crops from last crop year. The 2022 Canadian wheat crop is of high quality. Combined with the weak Canadian dollar, our high quality wheat crop may be providing Canadian exporters with a competitive advantage so far this crop year.”
It has taken a few weeks to re-establish supplies of other crops in the handling system. Exports of peas and lentils are not shown because much of those crops are shipped by container and are excluded from the CGC numbers.
Barley exports are behind last year’s pace, although last year there was a strong barley export volume to start the year. A significant volume of feedgrain is excluded from these numbers since most of it bypasses the elevator system for direct sale to an end-user, or is used by the crop producer for on-farm feeding.
“After a slow start, canola exports have caught up to last year’s pace. Domestic use of canola to date is similar to last year’s fast pace as very strong crush margins keep domestic crushers eager to purchase and process canola,” says Blue.
For more information, see:
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Connect with Neil Blue for more information:
Phone: 780-422-4053
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