The harvest may be stalled in parts of Western Canada, but grain and oilseed supplies in the commercial pipeline keep growing.
Visible canola stocks came in at 1.034 million tonnes in the latest report from the Canadian Grain Commission, for the week ended Sept. 16. That compares with 888,100 tonnes the previous week and would mark the first time the visible supplies were over a million tonnes since the beginning of August.
Farmers delivered 455,800 tonnes of canola during the week, which was down slightly from the 471,100 tonnes delivered the previous week, but still well ahead of the average over the past year of about 360,000 tonnes. Canola exports were slow during, with only 53,500 tonnes moving offshore. That compares with the average over the previous 52 weeks of about 200,000 tonnes per week, and would mark the smallest weekly canola exports in just over a year.
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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.
Wheat stocks in the commercial pipeline were also building in the latest CGC data, with visible stocks of 3.074 million the largest in six months. Wheat stocks were up from 2.826 million tonnes the previous week, as farmer deliveries of 513,300 tonnes countered exports of 413,200 tonnes and domestic usage of 85,300 tonnes.
Total stocks of all crops in the commercial pipeline on Sept. 16 came in at 6.841 million tonnes. That was up by nearly half-a-million tonnes from the previous week.
