Statistics Canada’s February stocks in all positions report shows 7.56 million metric tons of canola on hand as of December 31. That’s down 43 percent year-over-year and the smallest since 2007. DTN Canada market analyst Cliff Jamieson says canola demand is on track with current estimates. “Disappearance as of January 2 was shy of 7 million tons. The forecast is for 14 million tons, a total demand that’s export and crush with a differential of seven million tons as of December 31. The current stocks report indicates we’re on track to achieve the current government estimate.” Canada’s all-wheat stocks are estimated at 15.6 million metric tons. That’s down 37.8 percent from last year and down 37.5 percent from the five-year average.
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