St. Lawrence Seaway has reported that grain exports from the U.S. have made a comeback this year.
The St. Lawrence Seaway reported that year-to-date cargo shipments of more than 20 million metric tons moved through the system for the period March 28 to Aug. 31 — an increase of 3 percent over August 2013.
“The USDA’s forecast for near-historic yields of wheat, corn and soybeans is being proven accurate, as nearly four times as much U.S. grain (162,000 million tons) moved through Seaway locks this August compared to a year ago,” said Rebecca Spruill, SLSDC Director of Trade Development. “With total transits increasing monthly following a sluggish opening, the potential for the Seaway to out-do last year is on the horizon.”
St. Lawrence Seaway cargo shipments up 3%
