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Canadian grain and oilseed ending stocks fall dramatically
13.07.2010 11:57 "Agro Perspectiva" (Kyiv) —
ENDING stocks of Canadas grain and oilseed crops at the termination of the 2010/11 (August/July) crop year will be lower than what was projected in May and will be well below the level forecast for 2009/10, according to updated supply/demand tables from Agriculture and Agri-Food Canadas market analysis division released late on July 8.
Ending stocks of the eight major grains and oilseeds in 2010/11 were forecast at 9.94m tonnes. This compares with the May 5 projection of 12.009m tonnes and the 2009/10 carryover estimate of 14.395m.
Production of the eight major grains and oilseeds in 2010/11 was pegged at 56.545m tonnes. This compares with the May output forecast of 62.925m and the 65.144m seen in 2009/10.
The eight major grains and oilseeds include: canola, flax seed, soyabeans, wheat, oats, barley, maize and rye.
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