The latest Stocks of Principle Field Crops Report was released on Friday.The Stats Can Report shows total wheat stocks dropped to 13.8 million tonnes, Canola dropped 10% nationally to 7.5 million tonnes.
Bruce Burnett is G3 Canada’s Weather and Crop Specialist:
"Durum stocks were also down from last year, which isn't a big surprise and Canola stocks down from last year but a little bit above what the trade was expecting," he said.
Burnett says total stocks of corn for grain, barley and oats all showed an increase year over year.
"Compared with the last two years, we seeing a fairly significant drop off in the wheat stocks - which was anticipated because of our oil production last year combined with a fairly strong export program this year."