October 19, 2011

Canada's 2011/12 grain, oilseed supplies to decrease

Canadian leading grain and oilseed supplies at the end of 2011/12 crop year will be less than the forecast given in September and way below the amount attained in the last season, according to updated supply/demand tables from Agriculture and Agri-Food Canada's market analysis division.

Ending stocks of the eight major grains and oilseeds in 2011/12 were pegged at 10.290 million tonnes, which was down from the September projection of 10.680 million and well below the 2010/11 level of 13.041 million.

The eight major grains and oilseeds include canola, flaxseed, soybeans, wheat, oats, barley, corn and rye.

Production of the eight major grains and oilseeds in 2011/12 was projected at 62.676 million tonnes, the report released on October 17, said. This was down from the 63.056 million-tonne forecast in September and compares with the 2010/11 level of 62.973 million.

Total exports of the eight major grains and oilseeds in the 2011/12 crop year were projected at 31.103 million tonnes. This would be a small increase from the 30.903 million tonnes estimated in September but below the 2010/11 level of 32.143 million.

Total domestic usage of the various grains and oilseeds for the 2011/12 crop year was estimated at 36.447 million tonnes. This was up fractionally from the September projection of 36.358 million tonnes and above the 2010/11 level of 35.660 million.

October 17 estimates for Canadian 2011/12 and 2010/11 grain and oilseed supply and demand. Domestic usage numbers include food and industrial use as well as feed, waste, and dockage.