Carryout from the 2017-18 crop is going to be way bigger than usual, according to Canada’s grain monitor.
The Western Producer reports that Quorum Corp. is forecasting 12.6 million tonnes of ending stocks for western Canadian grains, well above the previous five-year average of 8.3 million tonnes.
That means there will be an extra 4.3 million tonnes sitting in grain bins with what Agriculture Canada expects to be another big crop on the way.
One million tonnes of the excess will be pulses with the rest being a mix of canola and cereals.
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