Visible canola stocks tightest in nearly three years

Reading Time: < 1 minute

Published: June 2, 2017

,

(Photo courtesy Canola Council of Canada)

CNS Canada –– Canola supplies in commercial hands in Canada dropped to their tightest level in nearly three years, according to the latest data from the Canadian Grain Commission for the week ended Sunday.

Visible canola supplies, at 702,700, are down from the already tight level of 830,200 tonnes posted the previous week and represent the smallest supplies on hand in the commercial grain-handling system since August 2014.

Visible canola stocks are typically considered low whenever they move below one million tonnes.

Farmer deliveries during the latest reporting period came in at only 218,400 tonnes, marking the lowest weekly deliveries since August 2016.

Weekly canola exports, of 158,700 tonnes, were up from the previous week, but were off the crop-year-to-date average of about 210,000 tonnes.

Domestic disappearance came in at only 120,800 tonnes during the week, the smallest weekly level since September 2015.

— Phil Franz-Warkentin writes for Commodity News Service Canada, a Winnipeg company specializing in grain and commodity market reporting.

About the author

Phil Franz-Warkentin

Phil Franz-Warkentin

Editor - Daily News

Phil Franz-Warkentin grew up on an acreage in southern Manitoba and has reported on agriculture for over 20 years. Based in Winnipeg, his writing has appeared in publications across Canada and internationally. Phil is a trusted voice on the Prairie radio waves providing daily futures market updates. In his spare time, Phil enjoys playing music and making art.

explore

Stories from our other publications