From Statistics Canada
As of December 31, 2017, total stocks of canola, corn for grain, soybeans, oats, lentils and dry peas were up compared with the same date a year earlier. However, Statistics Canada reports that total stocks for wheat and barley were down at the end of 2017.
According to its report released on Feb. 5, Stats Can says total stocks of corn for grain totalled 12.2 million tonnes on December 31, 2017, up 4.7% from the same date one year earlier. Both on-farm stocks (+4.4% to 9.2 million tonnes) and commercial stocks (+5.8% to 3.0 million tonnes) contributed to the increase.
Total soybean stocks increased 29.2% from December 31, 2016, to a record high 4.3 million tonnes, the result of a 58.8% rise in on-farm stocks. Meanwhile, commercial stock levels fell 4.0%, to 1.5 million tonnes. This overall increase was due to record soybean production in 2017, at 7.7 million tonnes.
Canola stocks reached a record high 14.1 million tonnes as of December 31, 2017, up 5.7% from the same date in 2016. The gain in stocks reflects record canola production in 2017, at 21.3 million tonnes. On-farm stock levels rose 8.6% to 12.5 million tonnes. Meanwhile, commercial stocks fell 12.4% to 1.6 million tonnes.
Total stocks of oats increased 13.7% to 2.9 million tonnes, as of December 31, 2017. On-farm stocks totalled 2.6 million tonnes, up 15.0% from the same date in 2016. Commercial stock levels were stable at 211 000 tonnes.
Total stocks for lentils increased 16.3% from December 31, 2016, to 2.0 million tonnes. On-farm stock levels rose 24.6% to 1.9 millions tonnes, while commercial stocks decreased 44.7% to 114 000 tonnes. Meanwhile, stocks of dry peas rose 3.9% to 2.8 million tonnes. The increases in stocks for lentils and peas may be due to recent rises in import tariffs introduced by India, as preliminary data on pea and lentil exports seem to show a substantial decrease over the same period.
Total wheat stocks decreased 2.2% from December 31, 2016, to 23.6 million tonnes. Stocks held on farm declined 5.1% to 19.3 million tonnes. However, commercial stocks were up 13.5%, to 4.2 million tonnes.
Barley stocks decreased 6.1% from December 31, 2016, to 6.1 million tonnes. The decline was due to an 8.0% decrease in on-farm stocks to 5.8 million tonnes. Meanwhile, commercial stocks rose 49.3% to 314 700 tonnes.