Stats Canada: Wheat & Canola Stocks Down From Year-Ago

May 7, 2012 02:48 AM
 

Statistics Canada reports as of March 31, total stocks of canola and wheat were down compared with the same date in 2011. Total stocks of corn for grain and soybeans increased to record levels. Still, the canola stocks figure came in above trade expectations of 4.2 million and 4.8 million metric tons (MMT).

Despite a record harvest of canola in 2011, total stocks stood at 4.3 MMT as of March 31, 2012, down 30.6% or 1.9 MMT from the same date in 2011, says the agency. The drop was primarily in on-farm stocks, where levels fell by 1.7 MMT.

Total wheat stocks declined 8.4%, or 1.3 MMT, to 14.5 MMT. This decline occurred despite a 9.0% increase in the production of wheat in 2011. Commercial stocks increased 10.8% to 4.7 MMT, while on-farm stocks fell 15.3% to 9.8 MMT.

Despite an 8.8% decrease in the production of corn for grain in 2011, stocks rose 8.1% from 2011 to a record 6.2 MMT in 2012. This level was 2.5% higher than the previous record of 6.0 MMT in March 2009. Commercial stocks were down slightly from March 2011 levels, while on-farm stocks were up 13.3% to 4.4 MMT.

Soybean storage was also at a record level in March 2012, as total stocks increased 19.0% to 1.9 MMT. Soybean production fell 2.3% in 2011 from a record high the previous year. The increase in total stocks was concentrated on farms, where stocks rose 34.4%.

Total stocks of principal field crops at March 31
  2010 2011 2012 2010 to 2011 2011 to 2012
  thousands of tonnes % change
Total wheat 17 106 15 803 14 479 -7.6 -8.4
Wheat excluding durum 12 343 12 747 11 477 3.3 -10.0
Durum wheat 4 763 3 056 3 002 -35.8 -1.8
Corn for grain 5 856 5 718 6 179 -2.4 8.1
Canola 6 462 6 157 4 273 -4.7 -30.6
Barley 5 096 3 540 3 140 -30.5 -11.3
Soybeans 1 490 1 574 1 873 5.6 19.0
Oats 2 066 1 694 1 323 -18.0 -21.9
Lentils 405 1 140 1 184 181.5 3.9
Dry field peas 2 055 1 670 798 -18.7 -52.2
Flaxseed 596 369 262 -38.1 -29.0
Mustard seed 165 185 152 12.1 -17.8
Rye 196 132 54 -32.7 -59.1
Canary seed 164 125 44 -23.8 -64.8
Chickpeas 65 65 43 0.0 -33.8
Sunflower seed 72 58 14 -19.4 -75.9

 


Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close