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Stocks of Most Pulse, Special Crops Lower

March 31 stockpiles of Canadian pulse and special crops were mostly lower compared to a year earlier - in some cases hitting multi-year lows. 

Tuesday’s Statistics Canada grain stocks report pegged total dry pea stocks as of the end of March at 716,000 tonnes, down by more than two-fold from the previous year’s 1.471 million and the lowest since March 2003 when stocks dwindled to just 691,000 tonnes. On-farm pea stocks, at 487,000 tonnes, were less than half of the previous year’s 1.117 million, while commercial stocks fell to 229,000 tonnes from 354,000. 

At 560,000 tonnes, total March 31 lentil stocks were down 41% on the year and the lowest since March 2016 at 555,000. Lentil stocks stored on farms were down 50.2% at 367,000 tonnes, while commercial stocks dipped to 193,000 tonnes from 212,000. 

Total flax stocks as of March 31 were reported at 320,000 tonnes, down only modestly from 355,000 a year earlier and still above 184,000 on March 31, 2022. 

Canary stocks were estimated at 87,000 tonnes, down from 109,000 on March 31, 2023, and the lowest for the date since 2020 at 76,000. 

Chickpea stocks as of March 31 tumbled to just 36,000 tonnes, way down from 126,000 the previous year and 270,000 on March 31, 2022. If accurate, it would be the lowest March 31 stocks level for chickpeas since at least 2015 and potentially in record. 

On the other hand, sunflower stocks, at 198,000 tonnes, were up from 162,000 the previous year and the highest on record. 

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