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Canada Wheat Down, While Corn at Record Levels

27 June 2012

CANADA - Canadian canola and wheat stocks down while total stocks of corn and soybeans at record levels.

As of March 31, 2012, total stocks of canola and wheat were down compared with the same date in 2011 as reported in the May 7th release of Statistics Canada’s Field Crop Reporting Series (Stocks of Principal Field Crops). Total stocks of corn for grain and soybeans increased to record levels.

The March Farm Survey of 13,400 farmers concerning, among others, stocks of principal field crops was conducted from March 23 to 30, 2012.

Farmers were asked to report the amounts of grain, oilseeds and special crops in storage on their farm. Data on commercial stocks of western major crops originate from the Canadian Grain Commission.

Commercial stocks of corn and soybeans are estimated on the basis of a sample of grain elevators in Eastern Canada. Data on commercial stocks of special crops come from a survey of handlers and agents of special crops.

Despite a record harvest of canola in 2011, total stocks were 4.3 million metric tonnes as of March 31, 2012, down 30.6 per cent or 1.9 million metric tonnes from the same date in 2011. The drop was primarily in on-farm stocks, where levels fell by 1.7 million metric tonnes.

Further Reading

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June 2012

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