Canadian Crop Statistics
09 May 2012
Despite a record harvest of canola in 2011, total stocks stood at 4.3 million metric tonnes as of March 31, 2012, down 30.6% or 1.9 million tonnes from the same date in 2011. The drop was primarily in on-farm stocks, where levels fell by 1.7 million tonnes.
Total wheat stocks declined by 8.4%, or 1.3 million tonnes, to 14.5 million tonnes. This decline occurred despite a 9.0% increase in the production of wheat in 2011. Commercial stocks increased 10.8% to 4.7 million tonnes, while on-farm stocks fell 15.3% to 9.8 million tonnes.
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 million tonnes in 2012. This level was 2.5% higher than the previous record of 6.0 million tonnes in March 2009. Commercial stocks were down slightly from the March 2011 levels, while on-farm stocks were up 13.3% to 4.4 million tonnes.
Soybean storage was also at a record level in March 2012, as total stocks increased 19.0% to 1.9 million tonnes. 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%.
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