Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Fri Nov 29, 2013 01:31 PM CST

Despite production levels which are estimated to have increased 36% from 2012/13 levels, current forecasts of 2013/14 indicate only a modest growth in ending stocks of 29,000 metric tonnes to 100,000 mt, while the ending stocks as a percentage of demand, or the stocks-to-use ratio, is forecast to rise from 12.5% to 15.6%, based on supply and demand forecasts from Agriculture and Agri Food Canada.

The key to this is a 19.5% increase in forecast exports to 575,000 mt, which would be the highest export volume moved since 2009/10 when 771,700 mt were reported by Statistics Canada as this country's ...

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