According to the Stat Can, stocks of wheat, oats, dry peas and lentils were all up as of July 31, compared with the same date a year earlier, while canola and barley stocks were down.
Indeed, wheat stocks were higher despite increased exports.
Particularly, total stocks of wheat increased 3.7% year on year to 5.7 million tonnes as of July 31, largely on higher opening supplies (+4.6% to 40.8 mmt).
The increase was led by higher commercial stocks (+7.1% to 3.5 mmt), which more than offset lower on-farm stocks (-1.3% to 2.2 mmt).
The increase in total wheat stocks was driven by wheat excluding durum (+4.0% to 5.0 mmt).
durum wheat stocks, on their part, rose 2.0% to 751.500 t.
Deliveries of wheat rose 5.8% year over year to a record high 31.7 million tonnes as of July 31, contributing to the decrease in on-farm stocks.
Exports increased 10.1% to 26.4 mmt on strong global demand, particularly from China.
Oat stocks also up as domestic use falls.
Total stocks of oats were up 54.7% year over year to 658 500 t as of July 31, driven by higher commercial (+41.3% to 307 900 tonnes) and on-farm (+68.8% to 350 600 t) stocks.
Lower domestic use coupled with higher opening supplies resulted in an increase in total oat stocks compared with the same date a year earlier.
Oat exports rose 12.2% to 2.9 million tonnes, surpassing 2008 as the highest year on record.
In contrast, barley stocks reach record low while exports climb.
Barley stocks were at their lowest level on record as of July 31, down 25.7% from the previous crop year to 711.100 tonnes.
The decrease was attributable to both lower on-farm (-19.9% to 551 300 tonnes) and commercial (-40.5% to 159 800 tonnes) stocks.
Deliveries of barley off-farm increased 17.4% to 5.1 million tonnes, contributing to the decrease in on-farm stocks.
Barley exports were up 54.8% year over year to 4.6 million tonnes, with more than 90% destined for China.
Barley used for feed fell 10.6% year over year to 6.1 million tonnes as of July 31.
Canola stocks also lower as crushing hits record high.
Total stocks of canola decreased 48.6% to 1.8 million tonnes, their lowest level since July 2017.
The decrease was a result of lower on-farm stocks, which fell 50.3% to 1.1 million tonnes.
Moreover, commercial stocks fell 45.6% to 704 000 t.
Lower supply of canola for the 2020/2021 crop year (-6.0% to 23.0 million tonnes), coupled with high demand, drove stocks lower. Deliveries of canola fell 2.3% to 20.2 mmt, but remained above the average of the last five years.
Canola crushing increased 2.8% to a record 10.4 mmt as world demand for vegetable oils remained high.
Exports of canola rose 4.9% to 10.5 million tonnes, as a result of strong global demand.
This increase was largely due to higher exports to China, which rose by approximately one-third year over year.
