Spring wheat harvest nearly complete, while durum exports slow
September 26, 2023 By Top Crop Manager
Spring wheat harvest is 93 per cent complete in Manitoba, 88 per cent complete in Saskatchewan and 79 per cent finished in Alberta. Durum harvest is 94 per cent complete in Saskatchewan and 95 per cent done in Alberta, but Canadian exports remain slow.
Alberta Ag increased its projected provincial yield of spring wheat by over a bushel to 40.8 bushels per acre.
Canadian wheat exports for the first weeks of the marketing year continue to be strong. Exports in week seven were 447.7k mt for a season total of 2.4 million mt, up 41 per cent from last year. Producer deliveries also remain strong, causing visible supply to grow to 3.0 million mt.
Canadian durum exports remain slow, with just 10.3k mt shipped in week seven for a year-to-date total of 233.4k mt. Durum exports seasonally pick up in October and November.
Russian wheat continues to dominate the export market, but China is proving to be a large wheat buyer again this year. This is positive for Canadian wheat. Slow canola exports have shippers focusing on exporting wheat.
Mercantile Consulting Venture, which provides the weekly wheat market outlook, expects the market will move higher in the New Year and would hold additional sales for now.