Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Wed Nov 20, 2013 05:08 PM CST

The Canadian Grain Commission's monthly exports of grain and wheat flour report indicates total exports of the major grains, as of the end of October (which represents the first quarter of the crop year) are only slightly higher than year-ago levels. They're at 8.9902 million metric tonnes, as compared to last year's 8.9451 mmt, a difference of 45,100 metric tonnes or a .5% increase. This is bad news, given that total Canadian production is suggested to be 14% higher in 2013, while the possibility exists that Statistics Canada will reflect even higher production levels in its Dec. 4 report.

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