Wheat Stocks Just About as Forecast

Sep 07, 2022

Total Canadian all wheat ending stocks for the 2021-22 crop year ended up just about as forecast.

Wednesday’s Statistics Canada grain stocks report put national all wheat stockpiles as of July 31, 2022 (ending stocks for the 2021-22 crop year) at 3.671 million tonnes. That is down more than 38% from a year earlier due to the 2021 Prairie drought that badly crimped output, but almost exactly in line with Agriculture Canada’s August supply-demand projection of 3.695 million. If accurate, it would be the lowest July 31 all wheat stocks level on record going back to 1980.

The decrease in total wheat stocks was mainly driven by wheat (excluding durum), which fell 39.6% to 3.106 million tonnes – near the Ag Canada forecast of 3.2 million - while durum wheat stocks dropped 30.5% to 565,300 tonnes, versus the government projection of 496,000.

Nationwide on-farm stocks of all wheat as of July 31 amounted to 970,100 tonnes, a fall of just over 60% from the previous year. Commercial stocks were down less sharply, declining 23.3% to 2.7 million tonnes. At an estimated 70,000 tonnes, July 31 on-farm durum stocks were down about 49% on the year.

In the wake of last year’s drought-reduced Canadian wheat crop, deliveries of wheat fell 33.5% year over year to 21.1 million tonnes as of July 31, while exports fell 42.5% to 15.1 million tonnes. However, those numbers should rebound in 2022-23, with last month’s StatsCan crop production report estimating the 2022 Canadian all wheat crop at 34.57 million tonnes, up more than 55% on the year and potentially the third largest crop on record.

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Video: A chain harrow is a game changer

Utilizing a rotational grazing method on our farmstead with our sheep helps to let the pasture/paddocks rest. We also just invested in a chain harrow to allow us to drag the paddocks our sheep just left to break up and spread their manure around, dethatch thicker grass areas, and to rough up bare dirt areas to all for a better seed to soil contact if we overseed that paddock. This was our first time really using the chain harrow besides initially testing it out. We are very impressed with the work it did and how and area that was majority dirt, could be roughed up before reseeding.

Did you know we also operate a small business on the homestead. We make homemade, handcrafted soaps, shampoo bars, hair and beard products in addition to offering our pasture raised pork, lamb, and 100% raw honey. You can find out more about our products and ingredients by visiting our website at www.mimiandpoppysplace.com. There you can shop our products and sign up for our monthly newsletter that highlights a soap or ingredient, gives monthly updates about the homestead, and also lists the markets, festivals, and events we’ll be attending that month.