Analysis

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Stocks of principal field crops at July 31, 2012

As of July 31, 2012, total stocks of wheat, barley and canola were down from the same date in 2011, while total stocks of oats had increased.

Total wheat stocks decreased 18.1% to 5.9 million tonnes, mostly the result of a decline of 890,500 tonnes (-33.3%) in on-farm stocks. The largest decline in wheat stocks occurred in Alberta, where on-farm stocks fell from 1.4 million tonnes in 2011 to 730,000 tonnes in 2012. At the same time, commercial stocks declined by 9.1%, or 405,900 tonnes.

For canola, total stocks fell 64.1% to 787,700 tonnes, as of July 31, 2012. This was mostly the result of on-farm stocks, which were down 81.0% to 225,000 tonnes, the lowest level since 2004, when they hit 220,000 tonnes.

Total stocks of barley amounted to 1.2 million tonnes as of July 31, down by 219,200 tonnes or 15.2% from July 2011. On-farm barley stocks fell in all Prairie provinces, but the decline was most pronounced in Saskatchewan. Commercial stocks decreased 1.7% to 289,900 tonnes.

Total stocks of oats stood at 816,500 tonnes, up 6.2% from 2011. Commercial stocks increased 28.3% to 258,000 tonnes, while on-farm stocks fell 1.6% to 558,500 tonnes.