Corn Stocks Higher, Soybeans Lower – StatsCan

Corn Stocks Higher, Soybeans Lower – StatsCan

on May 6 | in Ag News | by | with No Comments

From Statistics Canada The Daily

As of March 31, total stock of wheat, canola, corn for grain, barley and oats was up compared with the same date in 2013. However, total stock of soybeans decreased from one year earlier.

Total wheat stock rose 46.9% from the same day a year earlier to 21.3 million tonnes as of March 31, 2014. This advance was driven by stock held on farms, which was up 72.5%, while commercial stock declined 11.3%. Wheat stock held on-farm accounted for 81.5% of the overall wheat stock total. Stock levels held on Alberta farms reached a record high of 5.2 million tonnes.

Following record canola production in 2013, total canola stock was at an all-time high of 9.0 million tonnes as of March 31, up 99.1% from the same date a year earlier and 2.1 million tonnes higher than the previous record set in 2010. Canola stock held on farms stood at 7.8 million tonnes, up 143.1% from March 31, 2013, with all three Prairie provinces holding record amounts on farms. However, commercial stock was down 9.8% to 1.2 million tonnes as of March 31.

Following an 8.7% increase in corn for grain production last year, total stock was up 18.0% from March 31, 2013, to 8.0 million tonnes. On-farm stock increased 21.1% from a year earlier to 6.0 million tonnes. Meanwhile, commercial stock was 9.7% above March 2013 levels at 2.0 million tonnes.

Total soybean stock decreased 13.6% from March 31, 2013, to 1.2 million tonnes, with on-farm (-6.5%) and commercial (-24.5%) stock both down. This decline occurred despite a 2.2% production increase in 2013.

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