For the first nineteen weeks of the current agricultural season, which began July 1, the shipments are from Canadian Wheat overseas, up 55% from the same period last year to 8,8 million tons, according to the Canadian Grains Commission. Soft wheat exports rose 56% to more than 7 million tons, and durum wheat exports increased 54% to more than 1,7 million tons, reports Korn Online.
According to the data, an unprecedented wheat harvest of 33,8 million tons, up 52% from last season when the drought literally destroyed crops and 10% above the average for the past five seasons, helped restore export levels.
The US Department of Agriculture estimates that Canada can export 26 million tons of wheat, which is 71% more than last season's export volume and 16% more than the average of the last 5 seasons.
Source: agro sector (Kazakhstan)