Only minor shifts in latest AAFC grain/oilseed balance sheets

Glacier FarmMedia — Updated supply/demand estimates from Agriculture and Agri-Food Canada, released Oct. 17, included only minor adjustments to the balance sheets for the country’s major grains and oilseeds.

Projected 2025/26 ending stocks for wheat and canola were left unchanged from the September report, at 5.200 million and 2.500 million tonnes respectively. That would compare with wheat ending stocks in 2024/25 of 4.112 million and canola carryout of 1.597 million tonnes.

The projected usage numbers for canola were left unchanged, with exports forecast at 7.000 million tonnes and domestic usage at 12.226 million tonnes. If realized, exports would be down by 25 per cent from 2024/25, while domestic usage would increase by 4.8 per cent.

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Projected wheat exports were raised to 27.400 million tonnes, from 27.000 million in September. However, that would still be down by 6.2 per cent from 2024/25. Wheat domestic usage was down by 400,000 tonnes from September, at 8.241 million tonnes. That compares with 7.969 million tonnes the previous year.

October estimates for Canadian major crops supply and demand: in million tonnes. Source: Agriculture and Agri-Food Canada.

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