Exports tumble as supplies simply not there
'There's very little to sell'
By Glen Hallick - MarketsFarm, GFM Network News
via Canadian Cattlemen - October 6, 2021
MarketsFarm — Cereal and oilseed exports out of Canada nosedived in August just as the 2021/22 marketing began, according to the monthly export report from the Canadian Grain Commission (CGC).
At about 2.24 million tonnes, total grain exports were down 38.5 per cent overall compared to those in August 2020.
“There’s very little to sell. August is always a tricky month anyway. You’re usually pre-harvest and August tends to be a lower month anyway,” analyst Bruce Burnett, director of markets and weather for MarketsFarm said.
Unlike the Augusts over the last couple of marketing years, Canada simply doesn’t have the stocks available this August, he pointed out...
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