Grain-Oilseed Stocks Down: Ag Canada

Canada Inc.

Supplies of the major grains and oilseeds in Canada at the end of the 2011-12 crop year will be lower than the level forecast in September and will be well below the level achieved during the 2010- 11 season, according to updated supply-demand tables from Agriculture and Agri-Food Canada s market analysis division.

Ending stocks of the eight major grains and oilseeds in 2011-12 were pegged at 10.3 million tonnes, which was down from the September projection of 10.7 million and well below the 2010-11 level of 13 million.

The eight major grains and oilseeds include: canola, flaxseed, soybeans, wheat, oats, barley, corn and rye.

Production of the eight major grains and oilseeds in 2011-12 was projected at 62.7 million tonnes, the report released on October 17, said. This was down from the 63.1-million- tonne forecast in September and compares with the 2010-11 level of 63 million.

Total exports of the eight major grains and oilseeds in the 2011-12 crop year were projected at 31.1 million tonnes. This would be a small increase from the 31 million tonnes estimated in September but below the 2010-11 level of 32.1 million. Total domestic usage of the various grains and oilseeds for the 2011- 12 crop year was estimated at 36.4 million tonnes. This was up fractionally from the September projection of 36.4 million tonnes and above the 2010-11 level of 35.7 million.

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