Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Tue Feb 4, 2014 01:10 PM CST

Today's Dec. 31 Canadian grain stocks report as released by Statistics Canada confirmed wheat everyone knew: huge 2013 crops combined with disappointing logistical issues has lead to ballooning stocks at the end of the calendar year. Total stocks of the principal grains reported total 97.145 million metric tonnes, up 31.5% from year-ago levels.

The largest tonnage increase over 2012 December stocks was seen in wheat (excluding durum) with stocks at 23.038 mmt, up 38.1% from year-ago levels. This is a record for wheat stocks at this time, with nearly 88% of this inventory still on-farm. The five-year average for Dec. ...

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