Analysis
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Stocks of Canadian grain at March 31, 2009
On March 31st, total stocks of all major grains and oilseeds were higher compared to March 31, 2008, with records set for canola and dry field peas. Total stocks (including commercial and on-farm inventories) rose as a result of strong production in 2008.
Canola stocks a record
Prairie on-farm stocks of canola rose 40.6% to a record 4.7 million tonnes. As of March 31, farmers in Manitoba and Saskatchewan reported above average amounts of canola, the result of strong production in 2008. Growers in Manitoba reported an increase of 39.4% to an estimated 920,000 tonnes, and in Saskatchewan stocks were up 70.2% to 2.4 million tonnes.
Total stocks of canola in March were up 27.9% from March 2008, to 5.9 million tonnes.
Dry field peas a record
Total stocks of dry field peas rose considerably, the result of high production in 2008. Total stocks increased 92.5% to 1.7 million tonnes.
Dry field pea on-farm stocks were well above average in Saskatchewan, with an increase of 112.6% to 1.0 million tonnes, and in Alberta stocks rose by 157.9% to 245,000 tonnes. Commercial stocks were up 36.4% to 375,000 tonnes.
Durum stocks up
Stocks of durum were up in all on-farm and commercial positions. Prairie on-farm stocks of durum rose 141.9% to 2.6 million tonnes, while total stocks (which include commercial positions) rose 85.8% to 3.8 million tonnes.
In spite of the increases, March stock levels remained well below all time high levels.
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