Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Mon May 5, 2014 01:56 PM CDT

It was no secret that last year's record production combined with shipping delays faced over the winter would lead to significant stocks as of March 31, the date that ends the first eight months of the Canadian crop year.

Canada's all-wheat stocks were reported at 21.251 million metric tonnes, up 46.9% from year-ago levels. The last time Canada's all-wheat stocks were as large was in 1994 when March 31 stocks were reported at 22.357 mmt. Perhaps of interest is where these stocks are located: 3.921 mmt of this total was found in commercial positions, which is down 11% from year-ago ...

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