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Grain And Oilseed Ending Stocks Down

Ending stocks of Canada’s grain and oilseed crops at the termination of the 2010-11 crop year will be slightly lower than what was projected in late August and well below the level forecast for 2009-10, according to updated supply and demand tables from Agriculture and Agri-Food Canada’s market analysis division released on Oct. 15.

Ending stocks of the eight major grains and oilseeds in 2010-11 were forecast at 10 million tonnes. This compares with the Aug. 31 projection of 10.4 million tonnes and the 2009- 10 carry-over estimate of 16.2 million. Production of the eight major grains and oilseeds in 2010-11 was pegged at 59 million tonnes. This compares with the August output forecast of 60.2 million tonnes and the 66.1 million tonnes seen in 2009-10.

Total exports of the eight major grains and oilseeds in the 2010-11 crop year were projected at 31.1 million tonnes. This was up from the 30.06 million tonnes estimated in August.

Total domestic usage of the various grains and oilseeds for the 2010-11 crop year was estimated at 37.3 million tonnes.

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