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Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Wed May 7, 2014 12:00 PM CDT

The largest year-over-year reduction in the level of March 31 stocks for any grain reported this week was seen for canary seed, with Statistics Canada's March 31 stocks reported at 39,000 metric tonnes, down 54% from the 85,000 mt reported as of March 31 last year. Statistics Canada stocks data goes back to 2000 and this by far is the lowest volume seen for the end of March. The five-year average is 114,000 mt, while the 10-year average is 156,200 mt.

Given historical disappearance in the April-through-July period, this level of stocks would leave the market extremely short of supplies. ...

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