March 31 stocks of both oats and barley were up from a year earlier, with barley seeing a particularly sharp increase.
A Statistics Canada stocks report on Thursday pegged national barley stockpiles as of the end of this past March at 3.5 million tonnes, up a major 31.8% from a year earlier, as on-farm (+32.3%) and commercial stocks (+27.8%) climbed. Meanwhile, oat stocks increased just over 11% to 1.71 million tonnes as commercial stocks jumped over 54% to 369,400 tonnes while on-farm stocks saw a much more modest 3.2% increase to 1.3 million.
A nearly 17% increase in the 2019-20 Canadian barley supply – thanks mainly to last year’s big crop of over 10.3 million tonnes – and a 13.2% drop in exports contributed to the heavier barley stocks, StatsCan said. However, that was partly offset by a 23% increase in barely used for feed, to 5.7 million tonnes.
Based on barley usage between March and July of last year of 1.81 million tonnes, the March 31, 2020 stocks level suggests 2019-20 barley ending stocks will come in around 1.7 million tonnes – exactly on par with Agriculture Canada’s April estimate.
For oats, March – July 2019 usage of 1.14 million tonnes points to 2019-20 ending stocks of 570,000 tonnes, compared to current Ag Canada forecast of 550,000.
Source: DePutter Publishing Ltd.
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