Stats Canada Wheat Stocks Lower Than Feared

February 4, 2014 01:56 AM
 

 

 

Statistics Canada this morning released its grain stocks report and traders had lofty expectations heading into the report given record crops and troubles with transporting grain. While still lofty, total wheat stocks at 28.381 MMT came in lower than traders' average guess of 28.9 MMT. Meanwhile, canola stocks at 12.597 MMT came in above expectations of 12.3 MMT. The canola stocks figure is a record.

Total stocks of principal field crops at December 31
  2011 2012 2013 2011 to 2012 2012 to 2013
  thousands of tonnes % change
Total wheat 20 831 20 610 28 381 -1.1 37.7
Wheat excluding durum 16 836 16 679 23 038 -0.9 38.1
Durum wheat 3 995 3 931 5 342 -1.6 35.9
Canola 9 647 8 109 12 597 -15.9 55.3
Corn for grain 9 436 10 404 11 527 10.3 10.8
Barley 5 481 5 265 6 695 -3.9 27.2
Oats 2 333 2 055 2 871 -11.9 39.7
Soybeans 2 753 2 589 2 650 -6.0 2.4
Dry field peas 1 703 2 051 2 198 20.4 7.2
Lentils 1 613 1 481 1 138 -8.2 -23.2
Flaxseed 430 412 505 -4.2 22.6
Rye 139 196 122 41.0 -37.8
Canary seed 98 113 81 15.3 -28.3

Full report details are available at this link.

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