Canada’s total exports drop more than 10% year-over-year

Last year, the U.S. imported almost $430 billion from Canada.

Canada’s weekly grain and oilseed exports are down for the week ending March 3, 2024, according to the Canadian Grain Commission.

Total exports for the year have reached more than 26 million tons so far, down 11% from 2023. Last year, the U.S. imported almost $430 billion from Canada.

As far as totals for the marketing year though, total wheat exports have reached more than 12 million tons, which is up 8% on the year. Barley exports are at 1 million tons, which is down 42%. Corn exports are down 33% from 2023 at 550,000 tons.

LATEST STORIES BY THIS AUTHOR:

Congress has already approved more than $11 million for design work and $45 million for the first phase of construction, which is set to begin next month.
Ongoing dryness is taking its toll on corn crop production in Mexico and South Africa, two other top global corn producers, as U.S. corn producers see some relief.
The inflation rate seems to be dropping faster here in the United States than in Canada, but according to the chief economist with one of Canada’s largest banks, looks can be deceiving.
High input costs are standing in the way of farmers intending to shift to more sustainable practices, according to research by McKinsey and Company.