Ending stocks of the major grains and oilseeds in Canada will likely be down from earlier estimates, according to the latest supply-demand tables from Agriculture and Agri-Food Canada’s market analysis division released March 15.
Ending stocks of the eight major grains and oilseeds for the 2011-12 crop year are now estimated at 8.860 million tonnes. This compares with the January forecast of 11.010 million tonnes, the 2010-11 estimate of 10.550 million tonnes, and 2009-10 carry-over of 16.192 million. (The eight major grains and oilseeds are canola, flaxseed, soybeans, wheat, oats, barley, corn and rye.)
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Production of the eight major grain and oilseeds in 2011-12 is now estimated at 65.580 million tonnes, which compares with the January 28 estimate of 65.980 million. The latest estimate is up from the 61.868 million tonnes produced in 2010-11, but below the 2009-10 level of 66.180 million.
Total exports of the eight major grains and oilseeds in the upcoming 2011-12 crop year is now projected at 32.150 million tonnes, up from the January estimate of 31.100 million. This would be down slightly from the 2010-11 estimate of 32.212 million tonnes and the 2009-10 level of 32.989 million.
Total domestic usage of the various grains and oilseeds for the 2011-12 crop year is estimated at 37.081 million tonnes, which compares with the January estimate of 37.483 million. Domestic usage in 2010-11 is projected at 37.395 million tonnes and compares with the 2009-10 level of 34.787 million.
