By Robb M. Stewart
OTTAWA--Canadian stocks of soybeans have fallen, though the country's stores of other principal field crops were up.
Total soybean stocks dropped 45.7% on last year to 1.5 million metric tons as of the end of March thanks to lower supply and an increase in exports, Statistics Canada said Wednesday.
On-farm stocks were down a sharp 69.4% on a year earlier to 541,000 tons, while commercial stock were 3.3% lower at 955,000 tons, the national data agency said.
Exports of soybeans were up 6.6% year-over-year to 4.7 million tons, while total supply was down 11.4$ to 7.4 million tons.
Canada's total stocks of wheat were up 12% to stand at 19.5 million tons as of March 31. On-farm stocks were 14.1% higher and commercial stocks up 5.3%
Statistics Canada said off-farm deliveries rose 3.7% to 25.7 million tons, and total exports were 2.7% higher to 18.9 million tons, a record for the period.
Canola stocks rose 27.4% to 10 million tons, boosted by record production through the 2025 growing season, the agency said. Both on-farm and commercial stocks increased, while exports of canola slumped 25.1% to 5.1% after weakness earlier in the marketing year when tariffs imposed by major trading partners were in place.
Stocks of corn for grain were up 3.5% to 7.5 million tons.
The field crop is modelled using survey estimates and administrative data.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
05-06-26 0923ET
