Disappointing Stats Can Report

Statistics Canada released its December 31 grain and oilseed stocks in all positions report Friday. Canola stocks of 11.4 million metric tons are down 19 percent from a year ago. All wheat stocks of 24.5 million tonnes are up one percent from a year ago. “It was expected at 23 (million tons) so that’s really disappointing,” said Kristi Van Ahn, Van Ahn and Company. “Last year was 20.6 million tons; there’s a lot more wheat in Canada than expected.” Durum stocks are up 13 percent from a year ago at 3.6 million metric tons.