July 31 Canola Stocks Down by More than Half

Amid strong demand, Canadian canola ending stocks for the now-concluded 2024-25 crop year were down by more than half from the previous year. 

A Statistics Canada grain stocks report on Tuesday pegged total national canola stockpiles as of July 31, 2025 – ending stocks for the 2024-25 crop year – at 1.597 million tonnes. That is down 50.5% from the prior year’s 3.225 million and the lowest since the 2021-22 crop year at 1.484 million, when drought across the Prairies dropped production by about 27% to 14.248 million tonnes. 

Today’s ending stocks number also fell on the low side of pre-report trade expectations that ranged from 1.5 million to 4 million tonnes. 

National canola stocks in commercial hands as of July 31 were down almost 38% from a year earlier to 1.219 million tonnes, while on-farm stocks plunged more than 70% to just 378,000 tonnes – the lowest since July 2013 at 180,000 tonnes. 

Canola industrial use in 2024-25, mostly for crushing, rose 3.4% to a record 11.4 million tonnes as the processing industry continued to expand, StatsCan said. Meanwhile, canola exports soared 39.7% from the previous year to 9.3 million tonnes as of July 31, due to strong international demand. 

On-farm canola stocks in the largest production province of Saskatchewan as of July 31 were reported at 144,000 tonnes, down sharply from 555,000 a year earlier and the lowest since July 2013 at 100,000. 

At 95,000 tonnes, on-farm stocks in Alberta were down more than four-fold from 418,000 the previous year and the tightest for July since 2013 when stocks in the province dwindled to just 65,000 tonnes. 

Manitoba on-farm stocks, at 87,000 tonnes, were down from 245,000 a year earlier and the lowest since July 2017 at 50,000.