Stocks of the major grains and oilseeds in Canada at the end of the 2012/13 (Aug/Jul) crop year will be a bit lower than what was projected a month ago but will remain well above the level forecast for the 2011/12 season, according to updated supply/demand tables from Agriculture and Agri-Food Canada's market analysis division.

Ending stocks of the eight major grains and oilseeds in 2012/13 were pegged at 10.320 million metric tons. The projection was down from the month ago estimate of 11.090 million tons, but above the 2011/12 forecast of 9.800 million. The eight major grains and oilseeds include: canola, flaxseed, soybeans, wheat, oats, barley, corn and rye.

Production of the eight major grains and oilseeds in 2012/13 is now forecast at 71.645 million tons. This was down slightly from the 72.094 million tons projected in July and compares with the 2011/12 level of 65.856 million.

Total exports of the eight major grains and oilseeds in the 2012/13 crop year were projected at 36.064 million tons. This was higher than the July forecast of 35.564 million tons and compared with the 2011/12 estimate of 34.102 million.

Total domestic usage of the various grains and oilseeds for the 2012/13 crop year was estimated at 36.339 million tons, which was down from the 36.638 million projected in July. In 2011/12 domestic usage was forecast at 36.322 million tons.

August estimates for Canadian 2012/13 and 2011/12 grain and oilseed supply and demand. Domestic usage numbers include food and industrial use as well as feed, waste, and dockage. In million metric tons.

----Production----       ----Exports----

2012/13 2012/13 2011/12 2012/13 2012/13 2011/12

Aug 13 Jul 16      Aug 13 Jul 16

*All Wht 26.700 26.300 25.261 18.300 18.200 17.700

Durum 4.700 4.600 4.172 3.800 3.800 3.600

Barley 8.550 8.550 7.756 1.800 1.800 2.000

Corn 12.100 12.950 10.689 1.200 1.000 0.375

Oats 2.850 2.850 2.997 2.100 2.100 2.250

Canola 15.700 15.700 14.165 8.750 8.750 8.693

Flaxseed 0.525 0.525 0.368 0.450 0.450 0.330

Soybeans 4.750 4.749 4.246 3.300 3.100 2.600

----Domestic Usage---- ----Ending Stocks----

2012/13 2012/13 2011/12 2012/13 2012/13 2011/12

Aug 13 Jul 16      Aug 13 Jul 16

*All Wht 8.460 8.360 8.807 6.000 5.800 6.000

Durum    0.920  0.920  0.976 1.200 1.100 1.200 
   Barley   6.492  6.592  6.539 1.000 1.000 0.700 
   Corn    11.200 11.450 11.192 1.800 2.700 1.300 
   Oats     0.920  0.970  0.936 0.450 0.400 0.600 
   Canola   7.075  7.075  6.715 0.600 0.600 0.600

Flaxseed 0.080 0.085 0.119 0.120 0.100 0.120

Soybeans 1.825 1.824 1.763 0.310 0.450 0.460

* - Includes Durum

Source: Commodity News Service Canada; (Dwayne Klassen, 204-414-9084 or cnscanada@shaw.ca

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