Business & Policy
Canadian canola, wheat stocks shrink less than expected
By Reuters Canada
Sept. 15, 2016 - Canadian canola and wheat stockpiles were sharply lower in midsummer from a year earlier but bigger than expected, a Statistics Canada report shows.
Statscan pegged the all-wheat stocks as of July 31, at 5.2 million tonnes, down 27 percent from a year ago but far exceeding the average trade expectation of 4.29 million tonnes.
Canola supplies amounted to 2 million tonnes, down 21 percent but topping the average trade guess of 1.27 million tonnes. | READ MORE.