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Statistics Canada launched its March 31 (*38*) report on Friday, and all eyes have been on canola, as costs proceed to rise with tight provides.
Canola (*38*) for 2021 have been considerably tighter than on the similar time in 2020, which was not a shock in any respect. The 37.7 per cent drop noticed the inventory tonnage go from 10.55 million tonnes to 6.57 million.
So, in case anybody was questioning, Cdn canola (*38*) are a bit comfortable. 6.57 mln tonnes, down 3.9 mln from final year. pic.twitter.com/Ci8YBzrnib
— Chuck_Penner (@LeftFieldCR) May 7, 2021
The flax market noticed a main drop in provide as effectively, down 23.7 per cent, creating one of many tightest Canadian provide conditions in fairly a while.
Cdn Mar 31 flax (*38*) 232kt, smallest in no less than 20 years. No shock although. pic.twitter.com/8i2wn42ph2
— Chuck_Penner (@LeftFieldCR) May 7, 2021
So far as pulse crops go, the biggest drop was 14.5 per cent in lentils, down to 1.44 million tonnes. Dry discipline peas stayed comparatively unchanged, down from 1.91 million to 1.88 million tonnes.
Whole wheat (*38*) dropped by 13.6 per cent, with the year-over-year tonnage dropping from 18.78 million to 16.32 million, resulting from report export tempo, drought, and COVID-19 uncertainties. Durum provides have been down 16.7 per cent to 2.75 million tonnes.
Feed barley costs have risen over the previous year, and that was mirrored in tightening (*38*), down 20.5 per cent year-over-year to 2.81 million tonnes.
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