Funds net long Tuesday past

[shtferbrains]

From XI Grok Question Canola ending stocks.
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Based on the latest available information, Canadian canola ending stocks ([url]https://x.com/i/grok?text=Canadian%20canola%20ending%20stocks[/url]) are expected to be at their lowest since the 2012-13 marketing year, with projections indicating that they could be even lower if the market doesn't start discouraging demand soon. Agriculture and Agri-Food Canada (AAFC) ([url]https://x.com/i/grok?text=Agriculture%20and%20Agri-Food%20Canada%20(AAFC[/url])) forecasts suggest that the stocks for the 2024-25 marketing year are poised to set a 12-year low, with the stocks-to-use ratio ([url]https://x.com/i/grok?text=stocks-to-use%20ratio[/url]) at a critically low level, suggesting a tight supply situation. Globally, ending stocks of canola are projected to fall to 7.6 million metric tonnes in 2025 from 10.8 million metric tonnes the previous year, indicating a significant drop and the lowest level since 2020. This situation could lead to higher prices, especially if demand remains strong or if there are further drops in supply.

[Rareearth]

That’s a big difference in ending stocks.
What would be the ending stocks number be if the farmer grain bins are all swept clean, with crushers and terminals holding the rest? We have seen this a few times in the last few years.

I think crush is over a million tons a month now, —- so basically the crush and terminals are will be empty before new crop is available, and they should be desperate to rebuild inventory (or have contract positions with farmer) asap.

snow clover south of Regina to Manitoba is minimal.