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China accounting for bulk of Canadian canola exports so far

Chinese wheat imports roughly half of last years' at same time

China has done most of the heavy lifting when it comes to Canadian canola exports through the first three months of the 2023/24 marketing year (Aug/Jul), according to the latest international trade data released Dec. 6. Statistics Canada reported canola exports through October at 1.566 million tonnes, with China accounting for 64 per cent of the total (1.006 million tonnes). Japan and Mexico followed at 273,300 tonnes and 196,900 tonnes respectively.

(MiCanalDePanama.com)

Baltic Dry Index at 18-month high

Restrictions at the Panama Canal and congestion at Brazilian ports behind rate hike

The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has climbed sharply higher over the past few weeks to hit its highest level in 18 months.