The latest Statistics Canada report shows canola stocks as of December 31 at 14.5 million tons. That’s a slight increase from one year ago, though slightly lower than the trade expected. IntelliFarm President Brian Voth says Canada had a slightly smaller canola crop last year, and crush is ahead of pace. Wheat stocks are at 23.2 million tons, slightly lower than the trade expected. There are 4.93 million tons of barley in stock, down from one year ago. Corn stocks are also down about one million tons from last year. Voth says there are high vomitoxin levels in corn, which can’t be fed to livestock, and ethanol producers don’t want to use it.
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