Statistics Canada’s grain stocks report leaves no question that canola stocks have been tight for some time in Canada and will continue to be unless demand is slashed, according to independent trader Jerry Klassen in Winnipeg.
“You can’t find canola anywhere in the country and the stocks that are out there, a lot of them are already spoken for,” Klassen told Canadian Cattlemen, noting there are very tight stocks as well for barley.
The federal agency on Friday issued its stocks of principal field crops for March 31, which pegged total canola stocks in the country at 6.57 million tonnes. That’s 37.7% below the stocks at the same point last year, and 30.2% under the five-year average.
In the Statistics Canada report, total barley stocks were 2.81 million tonnes and 20.5% less than a year ago. Also, current stocks were 21.6% under the five-year average.
