Canadian Grain Stocks Decline

OTTAWA - May 9/07 - SNS -- Canada experienced a general decline in stocks of grains and oilseeds in all positions as of March 31, according to the latest report by Statistics Canada.

Except for flaxseed and soybeans, total stocks of major grain and oilseeds, including commercial and on-farm inventories were down from the same date last year, according to last half March telephone survey of 16,800 farm operators.

Total wheat stocks were down 15,5% from last year at 15.831 million metric tons (MT). Durum stocks were down 40.1% at 3.119 million MT, while stocks of all other classes of wheat were down 6% from last year at 12.712 million MT.

Barley stocks were down 29.8% at 4.551 million MT; corn for grain down 4.3% at 5.541 million; oats down 21.3% at 1.482 million MT; and field peas were off 34.4% at 1.01 million MT. Canola stocks were down 16.4% from last year at 4.277 million MT; soybeans were up 15% at 1.916 million; and flaxseed stocks were up 14.8% at 736,000 MT.

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