Canada: Grain and Feed Update
Record high exports to China helped drive total Canadian wheat exports through December 2018 up roughly 1.5 million metric tons higher than the same period in marketing year 2017/18. FAS/Ottawa projects marketing year 2018/19 ending stocks to be the lowest in 10 years. Relatively higher feed, wheat and barley prices and continued recovery in the number of cattle on feed supported monthly record imports of U.S. corn in 2018.
