Statistics Canada released their Stocks of Principal Field Crops report Friday. As of December 31, 2020, all wheat stocks fell 1 million metric tonnes to 24.8 million tonnes. Barley stocks fell to 5.6 million metric tonnes, while durum and oat stocks increased. Canola stocks came in at 12.1 million metric tonnes, down 23.7 percent year-over-year to 3.8 million tonnes. The decline in on-farm stocks was attributable to low beginning stocks on farm and production for the 2020 crop year, combined with higher deliveries. Total stocks of corn for grain rose 3.3 percent year-over-year to 11.1 million tonnes. Despite a higher supply, soybean stocks fell nine percent to 3.7 million tonnes. View the report.
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