Canadian barley stockpiles as of July 31 were a bit heavier compared to a year earlier, while oats stocks were markedly lighter.
Tuesday’s Statistics Canada stocks report pegged July 31 barley stocks at 1.249 million tonnes, up 8.4% from the previous year’s stocks of 1.152 million and the highest for the date since 2017 at 2.122. Meanwhile, July 31 total oat stocks fell 24.3% from a year earlier to 507,000 tonnes, the lowest since July 2022 at 333,000.
StatsCan attributed the rise in total July 31 barley stocks to heavier on-farm inventories, which were estimated at 994,000 tonnes, up 13.2% from a year earlier. Barley stocks in commercial hands declined, falling to 255,000 tonnes from 273,000 the previous year.
Deliveries of barley off farm decreased 6% to 4.1 million tonnes as of July 31, while exports fell 7.2% year over year to 2.8 million tonnes, StatsCan said. Barley used largely for feed purposes fell 2.6% to 5.1 million tonnes.