MarketsFarm — Supply/demand estimates for Canadian grains and oilseeds saw little change in the latest outlook for principal field crops from Agriculture and Agri-Food Canada (AAFC) released Monday.
Canola ending stocks for 2023-24 were left unchanged at one million tonnes, which compares with the 2022-23 level of 1.506 million tonnes. Canadian canola exports in 2023-24 were forecast to be down by about three per cent on the year, at 7.7 million tonnes, with domestic usage relatively steady at 10 million tonnes.
Wheat ending stocks for 2023-24 were left unchanged at 3.6 million tonnes by AAFC, which would be down only slightly from the 3.658 million-tonne carryout from the previous crop year. Projected Canadian wheat exports of 21.3 million tonnes compare with 25.666 million in 2022-23.
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The pulse and special crops only saw minor adjustments, with projected pea ending stocks for 2023-24 left unchanged at 275,000 tonnes while lentils were lowered by 50,000 tonnes to only 100,000 tonnes. That compares with carryout of 498,000 tonnes for peas in 2022-23 and 147,000 tonnes for lentils.
Tables: October estimates for Canadian major crops supply and demand, in millions of metric tonnes. Source: Agriculture and Agri-Food Canada.
