SaskWheat market outlook shows strong wheat exports this crop year

The latest market outlook from SaskWheat says spring wheat and durum crops across the Northern Plains of the U.S. and the Canadian Prairies continue to deteriorate.

Yields continue to be revised down due to extreme heat with little or no rain.

Prices for spring wheat and durum have been rising in North America.

Demand rationing will be necessary as the potential size of the Canadian and U.S. crops gets smaller and smaller.

Including week 49 of the crop year, Canadian durum exports total  5.77 million tons, 19 percent or 921 thousand tons more than last year.

Durum exports are projected to be down next year from low supply.

Canadian wheat exports to week 50 reached 19.09 million metric tons.

This is 10 percent or 1.79 million tons more than last year.


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