Canadian stocks Dec 31

[fjlip]

As of December 31, 2016, total stocks of wheat, corn for grain and barley were up compared with the same date a year earlier. However, total stocks of canola, soybean and oats were down in 2016.

Total stocks of wheat rose 16.8% from December 31, 2015, to 25.0 million tonnes. The gain in stocks reflected a 15.0% increase in wheat production in 2016. Stocks held on farm totaled 21.3 million tonnes, up 21.2% from December 31, 2015. Commercial stocks were 3.5% lower at 3.7 million tonnes.

Canola stocks were down 9.6% from December 31, 2015, to 12.2 million tonnes on December 31, 2016. On-farm stock levels fell 12.3% to 10.3 million tonnes. Meanwhile, commercial stock levels rose 9.5% over the same period to a record high 1.8 million tonnes. Canola production was virtually unchanged from 2015 to 2016 at 18.4 million tonnes.

Barley stocks rose 11.7% from December 31, 2015, to 6.4 million tonnes at the end of 2016. The gain was attributable to a 12.6% increase in on-farm stocks to 6.1 million tonnes. Commercial stocks fell 9.1% to 211 000 tonnes.
Total stocks of oats decreased 5.3% to 2.4 million tonnes as of December 31, 2016. On-farm stocks were down 5.4% from the same date in 2015 to 2.2 million tonnes. Commercial stock levels declined 4.1% to 211 000 tonnes.

[farming101]

Wow, canola is flying out the door! Likely a symptom of low grade wheat that isn't paying the bills and the late harvest.

[biglentil]

Also many were worried about their bins going off like fire crackers. I think alot did lots of stories.

[iceman]

That number won't include crop still out in the field.

Iceman out

[farmaholic]

-Flax? $12.50 N/C AOG bids available.
-Lentils, by type?
-Peas, green/yellow?
-Canary seed, should rename it Squirrel Seed because does anyone ever really know how much is squirrelled away.
-Mustard, by type...yellow was "hot" last year.

....and then there was durum, the most magical grain ever, how it can magically be bought as a 4 maybe even a 5 and sold as a 3! Or a 3 a 2. Or a 2 a 1.
CGC's estimated grade distribution sure doesn't match the CGC report of grades shipped by GrainCos. Shipments of Ones and twos are a bit higher. Threes are dramatically higher and 4/5 is drastically lower. Is all the poor quality still in Producer's hands? .....until it's in commercial hands anyway! Want to see the curve move and change shape?---look at Weber's January 13th Wheat Buddy Newsletter. Price discovery? Fish in a barrel!

[malleefarmer]

much left in field iceman what under 5% so wont affect figures greatly or more?

[dave4441]

-Flax? $12.50 N/C AOG bids available.
-Lentils, by type?
-Peas, green/yellow?
-Canary seed, should rename it Squirrel Seed because does anyone ever really know how much is squirrelled away.
-Mustard, by type...yellow was "hot" last year.

....and then there was durum, the most magical grain ever, how it can magically be bought as a 4 maybe even a 5 and sold as a 3! Or a 3 a 2. Or a 2 a 1.
CGC's estimated grade distribution sure doesn't match the CGC report of grades shipped by GrainCos. Shipments of Ones and twos are a bit higher. Threes are dramatically higher and 4/5 is drastically lower. Is all the poor quality still in Producer's hands? .....until it's in commercial hands anyway! Want to see the curve move and change shape?---look at Weber's January 13th Wheat Buddy Newsletter. Price discovery? Fish in a barrel!

Squirrel seed, that made me burst out laughing.

[farming101]

#3 durum should be a buck or more higher. It is subsidizing the low grade stuff

[biglentil]

Was thinking of switching to some new high yielding HRSW variety but when my ole tried and true Glenn bin run goes #1 with zero fungicides. Leaning towards sticking with it or is the new grass greener?

[newguy]

was told canola bins will be empty when new crop comes off.buyer said target price being grabbed at much higher prices than daily price is.