Surprise Over Some Stocks Data
PANAMA - Sep 4/20 - SNS -- Official ending stocks estimates for Canadian pulses and special crops caught the industry by surprise, with some numbers coming in lower than what appeared possible.
Official exports through July, inventories of some products in the bulk handling system and known grower sales between the end of the marketing year and the start of the harvest suggest ending stocks should have been pegged at a higher level.
As it stands, the numbers do not change the fundamental outlook for 2020-21 marketing year, with some crops likely to be effectively sold out before the season draws to a close.
Statistics Canada says the July 31 stocks in all positions estimate "incorporates survey data and administrative data" with attention paid to export movement.
"Rail disruptions slowed the movement of grain across Canada early in the year, potentially delaying exports. However, reduced demand for petroleum and consumer goods as a result of the pandemic freed capacity to move more grain, and record amounts were shipped in the late spring and summer," the federal agency added.
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