Canola stocks down 38 per cent from a year ago: StatsCan


Statistics Canada released its March 31 stocks report on Friday, and all eyes were on canola as prices continue to rise with tight supplies.

Canola stocks for 2021 were significantly tighter than at the same time in 2020, which was not a surprise at all. The 37.7 per cent drop saw the stock tonnage go from 10.55 million tonnes to 6.57 million.

The flax market saw a major drop in supply as well, down 23.7 per cent, creating one of the tightest Canadian supply situations in quite some time.

As far as pulse crops go, the largest drop was 14.5 per cent in lentils, down to 1.44 million tonnes. Dry field peas stayed relatively unchanged, down from 1.91 million to 1.88 million tonnes.

Total wheat stocks dropped by 13.6 per cent, with the year-over-year tonnage dropping from 18.78 million to 16.32 million, due to record export pace, drought, and COVID-19 uncertainties. Durum supplies were down 16.7 per cent to 2.75 million tonnes.

Feed barley prices have risen over the past year, and that was reflected in tightening stocks, down 20.5 per cent year-over-year to 2.81 million tonnes.


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