WINNIPEG, (MarketsFarm) – Updated supply/demand tables released by Agriculture and Agri-Food Canada on March 19 include only minor adjustments to the stocks and usage numbers, with slight increases to the wheat and canola ending stocks forecasts for 2020/21.
Canola ending stocks for 2020/21 are now forecast at 2.80 million tonnes. That would be up from the 2.70 million tonnes predicted in February, but still down from the upwardly revised 3.30 million tonne 2019/20 carryout.
Total wheat ending stocks are forecast to rise to 6.80 million tonnes for 2020/21. That compares with the February estimate of 6.70 million and the 5.90 million tonne projection for the current marketing year.
March estimates for Canadian major crops supply and demand: in million metric tonnes.
The pulse and special crop balance sheets were largely left unchanged from February.
Source: Agriculture and Agri-Food Canada.