Canada Markets
Cliff Jamieson Canadian Grains Analyst
Fri Sep 19, 2014 04:05 PM CDT

If Agriculture and Agri-Food Canada's supply and demand estimates hold true, the build-up of grain inventories resulting from the record Western Canada crop combined with logistical challenges in 2013/14 may soon be behind us, with most recent data showing a return to near 2012/13 inventory levels.

As seen on the attached chart, Canada's total grains and oilseeds carryout increased 8.962 million metric tonnes or 100% from the 8.951 mmt in 2012/13 to 17.913 mmt reported for 2013/14 (change from the red bar to the green bar) based on official Statistics Canada data. Meanwhile, recently released estimates for 2014/15 would indicate ...

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