Business & Policy
Stocks of principal field crops: July 31
By Top Crop Manager
As of July 31, Statistics Canada reports that the country's total stock levels for wheat, canola and lentils are down from the same date a year earlier. Meanwhile, barley and oat stocks increased compared with July 31, 2015.
Total stocks of wheat fell 26.8% from July 31, 2015, to 5.2 million tonnes as of July 31, 2016. This decline was the result of a 29.2 per cent drop in commercial stocks to 3.0 million tonnes and a 23.1 per cent decrease in stocks held on farms to 2.2 million tonnes. Alberta reported the largest decline of on-farm stocks, down 44.4 per cent to 495 000 tonnes. Saskatchewan also reported a decrease, down 14.7 per cent to 1.5 million tonnes.
At the national level, canola stocks fell 20.7 per cent to 2.0 million tonnes as of July 31, as a result of decreases in both on-farm stocks and commercial stocks. Meanwhile, canola crushing was at record levels for the crop year ending July 31, 2016. On-farm stocks, which are concentrated in Western Canada, declined 25.9 per cent compared with July 31, 2015, to 915 000 tonnes. Commercial stocks were 15.8 per cent lower compared with the same date in 2015 at 1.1 million tonnes.
Total barley stocks grew 18.6 per cent to 1.4 million tonnes as of July 31. Stocks held on farm, which accounted for nearly 90 per cent of total stocks, rose 23.3 per cent to 1.3 million tonnes. Meanwhile, commercial stocks fell 9.9 per cent to 155 000 tonnes.
As of July 31, total stocks of oats were up 38.2 per cent compared with July 31, 2015, to 930 000 tonnes. Increases in both on-farm (+30.5 per cent) and commercial (+59.5 per cent) stock levels led to an overall rise.
Overall stocks of lentils fell 80.0 per cent from July 31, 2015, to 73 000 tonnes as of July 31, 2016. Commercial stocks were down 11.6 per cent to 38 000 tonnes. Meanwhile, stocks held on farms fell 89.1 per cent to 35 000 tonnes. These were the lowest on-farm and commercial stock levels since July 2010.
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