October 15, 2007
Canada lowers 2007/08 grain, oilseed ending-stocks estimate
Ending stocks of the eight major grains and oilseeds in Canada in the 2007/08 (August/July) crop year will be slightly lower than an estimate made in September and the level seen during the 2006/07 season, according to updated supply/demand tables from the market analysis branch of Agriculture and Agri-Food Canada.
Ending stocks of the eight major grains and oilseeds in 2007/08 were pegged at 10.510 million tonnes, down slightly from the September 17 projection of 10.671 million and compared with the 2006/07 level of 13.012 million.
The eight major grains and oilseeds are canola, flaxseed, soy, wheat, oats, barley, corn and rye.
Production of the eight major grains and oilseeds in 2007-08 was pegged at 60.848 million tonnes, which was down fractionally from the Sept. 17 projection of 61.177 million and the 61.865 million produced in 2006-07.
Total exports of the eight major grains and oilseeds from Canada during 2007/08 were expected to hit 27.440 million tonnes. This would be up slightly from the September projection of 27.290 million tonnes, and it compares with the 2006/07 level of 32.069 million.
Total domestic usage of the grains and oilseeds for 2007/08 was estimated at 38.617 million tonnes. This was down from the 39.065 million tonnes projected in September and compares with the 2006/07 level of 38.095 million.
Below is the October 12 estimates for Canadian 2007-08 (August/July), and 2006-07 grain and oilseed supply and demand. Domestic usage numbers include food and industrial use as well as feed, waste and dockage. All figures are in million tonnes.
PRODUCTION
|
|
2007/08 |
2007/08 (October 12) |
2006/07 (September 17) |
|
*All Wheat |
20.641 |
20.322 |
25.265 |
|
Durum |
3.614 |
3.549 |
3.346 |
|
Barley |
11.822 |
11.848 |
9.573 |
|
Corn |
10.555 |
10.612 |
8.990 |
|
Oats |
5.009 |
5.087 |
3.852 |
|
|
0.250 |
0.277 |
0.383 |
|
Canola |
8.864 |
9.242 |
9.000 |
|
Flaxseed |
0.625 |
0.642 |
0.989 |
|
Soy |
2.785 |
2.848 |
3.466 |
EXPORTS
|
|
2007/08 (October 12) |
2007/08 (September 12) |
2006/07 |
|
*All Wheat |
14.150 |
13.800 |
19.497 |
|
Durum |
3.350 |
3.300 |
4.478 |
|
Barley |
2.700 |
2.700 |
1.975 |
|
Corn |
0.200 |
0.200 |
0.314 |
|
Oats |
2.300 |
2.300 |
2.307 |
|
|
0.140 |
0.140 |
0.160 |
|
Canola |
5.700 |
5.800 |
5.435 |
|
Flaxseed |
0.650 |
0.650 |
0.681 |
|
Soy |
1.600 |
1.600 |
1.700 |
DOMESTIC USAGE
|
|
2007/08 (October 12) |
2007/08 (September17) |
2006/07 |
|
All Wheat |
8.644 |
8.574 |
8.605 |
|
Durum |
0.797 |
0.782 |
0.893 |
|
Barley |
9.249 |
9.275 |
9.438 |
|
Corn |
12.098 |
12.412 |
11.333 |
|
Oats |
2.075 |
2.153 |
1.879 |
|
|
0.181 |
0.208 |
0.244 |
|
Canola |
3.910 |
4.042 |
3.956 |
|
Flaxseed |
0.183 |
0.175 |
0.279 |
|
Soy |
1.881 |
1.928 |
2.016 |
ENDING STOCKS
|
|
2007/08(October 12) |
2007/08 (September 17) |
2006/07 |
|
*All Wht |
4.700 |
4.700 |
6.827 |
|
Durum |
0.700 |
0.700 |
1.232 |
|
Barley |
1.400 |
1.400 |
1.492 |
|
Corn |
1.500 |
1.600 |
1.343 |
|
Oats |
1.200 |
1.200 |
0.556 |
|
|
0.060 |
0.060 |
0.130 |
|
Canola |
1.300 |
1.370 |
1.820 |
|
Flaxseed |
0.175 |
0.200 |
0.373 |
|
Soy |
0.175 |
0.141 |
0.470 |
* Includes durum
Source: Agriculture and Agri-Food Canada
