Total stocks of wheat, canola and oats were down, while stocks of barley, dry peas and lentils increased, as of July 31, compared with the same date one year earlier.
Wheat stocks down on higher exports
Total stocks of wheat fell 22.1% year over year to 4.1 million tonnes as of July 31. Both commercial stocks (-10.1% to 2.4 million tonnes) and on-farm stocks (-34.3% to 1.7 million tonnes) were down compared with one year earlier. The decrease in total wheat stocks was attributable both to stocks of wheat excluding durum (-21.5% to 3.6 million tonnes) and to durum wheat stocks (-25.9% to 496 000 tonnes).
Deliveries of wheat rose 9.1% year over year to 35.2 million tonnes as of July 31. 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.
Canola stocks fall as crush continues to expand
Total stocks of canola decreased 50.5% year over year to 1.6 million tonnes as of July 31 on lower commercial stocks (-37.9% to 1.2 million tonnes) and on-farm stocks (-70.1% to 378 000 tonnes).
Industrial use, mostly for crushing, rose 3.4% to a record 11.4 million tonnes as the processing industry continued to expand.
Canola exports rose 39.7% to 9.3 million tonnes as of July 31, because of strong international demand.
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