The amount of empty bin space on Canadian farms is up sharply this year according to a report from Statistics Canada.
In a Sept. 3 report, the federal statistics agency says stocks of most major crops have declined noticeably during the past 12 months.
As of July 31, 2015, total Canadian wheat stocks were pegged at 7.1 million tonnes, down 32 percent from a year earlier, the report says
Canola stocks were down nearly 23 percent to 2.3 million tonnes and barley stocks were nearly 38 percent lower, at 1.2 million tonnes.
In wheat, the 32 percent decline was largely attributed to a reduction in on-farm stocks, which dropped more than 51 percent in the 12 month period ending July 31.
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Farm cash receipts in the first half of the year were up 3.3 per cent over the same period last year buoyed by livestock receipts. Overall receipts between January and June totalled $49.6 billion, up $1.6 billion from the same period last year, Statistics Canada reported.
On-farms stocks of canola were also down 46.5 percent compared to a year earlier.
The high on-farm stock numbers recorded in 2014 were largely the result of a shipping backlog that began in late 2013 and took the better part of a year to clear up.
The Statistics Canada report also showed total Canadian durum stocks down 45 percent year-over-year to 982,000 tonnes, oat stocks down 35 percent to 681,000 tonnes and lentil stocks were down 53 percent to 365,000 tonnes.
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