Canada Markets
Cliff Jamieson Canadian Grains Analyst
Wed Jun 11, 2014 05:33 PM CDT

One underlying theme across the grain and oilseed markets today is the expected growth in global ending stocks over the upcoming crop year, seen in today's corn and soybean data and to a lesser extent, the wheat market. The wheat market suffered an additional blow with United States ending stocks for both 2013/14 and 2014/15 above expectations as well as the USDA's May estimates.

As seen on the attached chart, ending stocks are forecast to grow 2.56 million metric tonnes or 1.4% globally in the upcoming crop year to 188.61 mmt, after increasing 10.77 mmt or 6.1% between 2012/13 and ...

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