Canadian all wheat stocks as of July 31 were down from a year earlier and the lowest on record as 2024-25 exports ran hot.
According to a Statistics Canada grain stocks report released Tuesday, total nationwide all wheat stocks as of July 31 – ending stocks for the 2024-25 crop year – amounted to 4.112 million tonnes. That is down more than 22% from 5.278 million a year earlier and just slightly below the previous July low of 4.169 million notched in 2022, in records dating back to 1980.
July 31 durum stocks were reported at 496,000 tonnes, down almost 26% on the year and a new low as well.
All wheat commercial stocks as of July 31 were down about 10% to 2.397 million tonnes, while on-farm stocks fell by more than one-third to 1.715 million.
Deliveries of wheat rose 9.1% year over year to 35.2 million tonnes as of July 31, Statscan said. Total wheat exports rose 15.4% to a record 29.2 million tonnes on strong global demand, “possibly due to lower exports from other major wheat exporting countries,” the federal agency added.
Saskatchewan on-farm all wheat stocks as of July 31 were pegged at 406,000 tonnes, down from 588,000 a year earlier but still up from the July 31, 2023 level of 361,000. On-farm durum stocks in the province, at 206,000 tonnes, were up from 98,000 a year earlier.
On-farm all wheat stocks in Alberta were reported at 1.087 million tonnes, down from 1.693 million a year earlier, while durum on-farm stocks plunged to just 22,000 tonnes from 214,000.
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