Glacier FarmMedia | MarketsFarm — Canadian canola ending stocks for the 2024-25 marketing year are forecast to be tighter than earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Oct. 21.
Canola ending stocks for 2024-25 were forecast at 2.200 million tonnes, down by 300,000 from the September estimate. That compares with the downwardly revised 2.748 million tonnes of canola carried forward from 2023-24. Usage numbers for 2024-25 were relatively unchanged, with exports steady at 7.500 million tonnes and domestic usage down by only 45,000 tonnes from September at 12.128 million tonnes.
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Wheat ending stocks for 2024-25 were lowered to 4.900 million tonnes, from 5.050 million tonnes in September. Total Canadian wheat exports for 2024-25 were raised by 100,000 tonnes, to 25.400 million tonnes, which would be in line with the 25.334 million tonnes exported in 2023-24.
October estimates for Canadian major crops supply and demand: in million metric tonnes. Source: Agriculture and Agri-Food Canada.
| Grains and oilseeds | |||||||
| Production | Exports | ||||||
| 2024/25 | 2024/25 | 2023/24 | 2024/25 | 2024/25 | 2023/24 | ||
| Oct | Sept | Oct | Sept | ||||
| All wheat | 34.293 | 34.293 | 32.946 | 25.400 | 25.300 | 25.334 | |
| Durum | 6.033 | 6.033 | 4.087 | 4.800 | 4.800 | 3.558 | |
| Barley | 7.600 | 7.600 | 8.905 | 2.750 | 2.750 | 3.064 | |
| Corn | 15.168 | 15.168 | 15.421 | 2.000 | 2.000 | 1.969 | |
| Oats | 3.017 | 3.017 | 2.643 | 2.150 | 2.150 | 2.377 | |
| Canola | 18.981 | 18.981 | 19.192 | 7.500 | 7.500 | 6.683 | |
| Flaxseed | 0.265 | 0.265 | 0.273 | 0.250 | 0.250 | 0.211 | |
| Soybeans | 7.197 | 7.197 | 6.981 | 5.200 | 5.000 | 4.899 | |
| TOTAL | 87.015 | 87.015 | 86.871 | 45.432 | 45.132 | 44.735 | |
| Domestic Usage | Ending Stocks | ||||||
| 2024/25 | 2024/25 | 2023/24 | 2024/25 | 2024/25 | 2023/24 | ||
| Oct | Sept | Oct | Sept | ||||
| All wheat | 8.734 | 8.651 | 8.715 | 4.900 | 5.050 | 4.615 | |
| Durum | 0.766 | 0.785 | 0.701 | 0.900 | 1.050 | 0.574 | |
| Barley | 5.402 | 5.472 | 5.515 | 0.700 | 0.700 | 1.152 | |
| Corn | 15.564 | 15.868 | 15.872 | 2.100 | 2.100 | 1.996 | |
| Oats | 0.930 | 0.950 | 1.114 | 0.400 | 0.400 | 0.442 | |
| Canola | 12.128 | 12.173 | 11.894 | 2.200 | 2.500 | 2.748 | |
| Flaxseed | 0.090 | 0.090 | 0.127 | 0.100 | 0.100 | 0.164 | |
| Soybeans | 2.460 | 2.497 | 2.227 | 0.550 | 0.525 | 0.563 | |
| TOTAL | 45.627 | 46.024 | 45.793 | 11.035 | 11.460 | 11.772 | |
| Pulse and Special Crops | |||||||
| Production | Exports | ||||||
| 2024/25 | 2024/25 | 2023/24 | 2024/25 | 2024/25 | 2023/24 | ||
| Oct | Sept | Oct | Sept | ||||
| Dry peas | 3.160 | 3.160 | 2.609 | 2.400 | 2.400 | 2.401 | |
| Lentils | 2.593 | 2.593 | 1.801 | 2.100 | 2.100 | 1.674 | |
| Dry beans | 0.352 | 0.352 | 0.339 | 0.355 | 0.355 | 0.408 | |
| Chickpeas | 0.327 | 0.327 | 0.159 | 0.190 | 0.190 | 0.183 | |
| Mustard | 0.211 | 0.211 | 0.171 | 0.110 | 0.110 | 0.096 | |
| Canaryseed | 0.162 | 0.162 | 0.112 | 0.135 | 0.135 | 0.112 | |
| Sunflower | 0.036 | 0.036 | 0.092 | 0.033 | 0.033 | 0.030 | |
| TOTAL | 6.841 | 6.841 | 5.137 | 5.323 | 5.323 | 4.903 | |
| Domestic Usage | Ending Stocks | ||||||
| 2024/25 | 2024/25 | 2023/24 | 2024/25 | 2024/25 | 2023/24 | ||
| Oct | Sept | Oct | Sept | ||||
| Dry peas | 0.639 | 0.638 | 0.586 | 0.450 | 0.500 | 0.299 | |
| Lentils | 0.258 | 0.272 | 0.265 | 0.475 | 0.475 | 0.165 | |
| Dry beans | 0.062 | 0.062 | 0.061 | 0.030 | 0.030 | 0.020 | |
| Chickpeas | 0.087 | 0.089 | 0.087 | 0.125 | 0.115 | 0.030 | |
| Mustard | 0.043 | 0.043 | 0.042 | 0.155 | 0.155 | 0.088 | |
| Canaryseed | 0.011 | 0.011 | 0.013 | 0.060 | 0.060 | 0.044 | |
| Sunflower | 0.068 | 0.068 | 0.066 | 0.145 | 0.145 | 0.175 | |
| TOTAL | 1.168 | 1.163 | 1.120 | 1.440 | 1.395 | 0.821 | |
