Estimated wheat (excl durum) exports were raised 200,000 tonnes from last month to 20.8 million, while ending stocks declined an identical amount to 3.8 million, versus 4.208 million a year earlier.
In its accompanying commentary, Ag Canada said durum exports continue to move “swiftly through the licensed elevator system.” According to the Canadian Grain Commission, durum exports have outpaced last year’s shipments by 39% on
average since the beginning of the crop year, it added.
All wheat (excl durum) shipments were revised up this month based the pace of
exports to date, Ag Canada said.
Ag Canada’s season average durum price forecast of $325/tonne is unchanged from October but down $100 from 2023-24. The all wheat (excl durum) price forecast was trimmed $20 from last month to $310/tonne, little changed from $316 a year earlier.
Source : Syngenta.ca