Canada's wheat stocks fell in the summer to their lowest level since the beginning of the recording. Also the canola stocks declined significantly to the previous year. There are bumper harvests needed to rebuild of the stocks.
Reports wheat stocks in commercial warehouses and warehouses of agriculture by 31 July to 4.29 million tons, a decrease of 39%, and the lowest value declined a Reuters survey of 11 traders and analysts in the run-up to the publication of the Statistics Canada since records began in 1980. The reason is the lower wheat production last year in connection with the good export demand.
The canola stocks declined according to the survey by July 31 to 45% to the previous year to 1.27 million tons, the lowest level for three years.
