Sharp Reductions in Canola and Pulse Crop Stocks

Statistics Canada reports canola stocks fell 34 percent in the 2019-2020 crop year.

There were 2.7 million tonnes stored in commercial and on-farm positions at the end of July. There was record demand from domestic canola crushers and seed exports rose 10.5 percent. Seed sales to China were lower due to political tensions over the detention of a senior Huawei executive in Vancouver. However, there were additional canola seed purchases made by the European Union and United Arab Emirates.

Lentil stocks recorded an even steeper decline as exports increased to India, Turkey and United Arab Emirate. Pea supplies fell to a lesser degree thanks to an aggressive sales program by China.

Wheat, oat and barley stocks increased, while durum declined due to strong exports.

You can check all of the number below and in the official Statistics Canada news release.


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