Stocks of wheat, canola, barley, dry peas, oats and lentils were all down on March 31, 2022 compared with the same day a year earlier, a result largely attributable to lower opening supply. Conversely, stocks of corn for grain and soybeans rose.
Lower total supplies for most crops were the result of lower production in 2021. This contributed to a decrease in exports for most crops, despite strong global demand. Both domestic and international grain markets continue to face uncertainty because of the ongoing COVID-19 pandemic and international tensions.
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