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Market Analyst Predicts Lower Wheat Exports

Canadian wheat exports in the 2019-20 crop year could be below expectations.
 
Marlene Boersch with Mercantile Consulting believes we’ll fall short of the 18.5 million tonnes that AAFC is predicting.
 
“If you prorate year to date exports for the whole year we’re only at about 15.5 million tonnes.”
 
She says she finds it difficult to see how we can catch up on the delay’s we’ve had already; those delays include the CN strike in November and the recent rail blockades.
 
CN Rail estimates it lost about 10,000 carloads of capacity, or one-million metric tonnes, due to the February blockades.
 
Boersch believes wheat sales have been and will be lost as a result of the grain movement issues we’ve seen.
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