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Agriculture Canada lowers 2022/23 wheat and canola ending stocks

 Last Update: 2022-04-19
 Source: Internet
 Author: User

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Foreign media March 22 news: The March supply and demand report released by Agriculture and Agri- Food Canada (AAFC) is concerned that as wheat exports are expected to increase in both 2021/22 and 2022/23, wheat stocks are expected to rise further.
lower
.

Wheat exports for 202122 are raised to 15.
55 million tons, up 200,000 tons from the February forecast; 2022/23 wheat exports are raised 250,000 tons to 21.
55 million tons
.

Stocks for 2021/22 were revised down to 3.
8 million tonnes, down from a forecast of 4 million tonnes in February
.
Wheat ending stocks for 2022/23 are lowered to 4.
7 million tons, down 450,000 tons from the February forecast of 5.
15 million tons
.

　　The AAFC also lowered its 2022/23 Canadian canola
ending stocks by 50,000 tons, from 650,000 tons to 600,000 tons .
Rapeseed stocks for 2021/22 are also lowered to 400,000 tons from 450,000 tons
.

　　Overall, the AAFC made only minor revisions to the supply and demand balance in its March report
.
But the report warns that the outlook for global and Canadian grain markets is particularly uncertain due to the Russian-Ukrainian conflict and, to a lesser extent, ongoing domestic and international uncertainty caused by the COVID-19 pandemic
.

　　Statistics Canada will release its first acreage forecast for the year at the end of April
.
An inventory report will be released in early May
.

food wheat export

　　Wheat exports for 202122 are raised to 15.
55 million tons, up 200,000 tons from the February forecast; 2022/23 wheat exports are raised 250,000 tons to 21.
55 million tons
.

　　The AAFC also lowered its 2022/23 Canadian canola
ending stocks by 50,000 tons, from 650,000 tons to 600,000 tons .
Rapeseed stocks for 2021/22 are also lowered to 400,000 tons from 450,000 tons
.

rapeseed

　　Statistics Canada will release its first acreage forecast for the year at the end of April
.
An inventory report will be released in early May
.

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