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Grain Stocks Lower While Soybeans In-Store Are Higher – StatsCan

on February 13 | in Ag News | by | with No Comments

From Statistics Canada’s Stocks of Principal Field Crops Report

As of December 31, 2014, total stocks of most principal field crops were down from the same date in 2013. As such, they reflected a downward trend seen in production, which also decreased from 2013 to 2014. However, both on-farm and commercial stocks of soybeans were at record levels as of December 31.

Total stocks of wheat decreased 13.5% from December 31, 2013, to 24.8 million tonnes, following a 22.0% decrease in wheat production in 2014. On-farm stocks totalled 20.8 million tonnes, down 17.8% from the record high of 25.3 million tonnes in 2013. On the other hand, commercial stocks were up 19.6% to 4.0 million tonnes.

Overall canola stocks stood at 11.1 million tonnes as of December 31, 2014, down 10.5% from December 31, 2013. On-farm stock levels fell 13.9% to 9.9 million tonnes, closely reflecting the 13.4% drop in production in 2014. Commercial stock levels rose 32.8% over the same period to 1.2 million tonnes.

Total stocks of corn for grain totalled 9.7 million tonnes on December 31, 2014, down 16.6% from the record level of 11.6 million tonnes at December 31, 2013. This decline resulted from a 16.2% decrease in on-farm stocks and an 18.0% drop in commercial stocks.

Overall soybean stocks rose 29.4% from December 31, 2013, to a record 3.5 million tonnes on December 31, 2014, surpassing the previous high of 2.8 million tonnes reported on December 31, 2011. Commercial stocks rose 57.1% to 1.2 million tonnes, while stocks held on farms increased 18.0% to 2.3 million tonnes.

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