Hefty exports have additional eroded already tight Canadian barley stocks, whereas oat stocks stay down sharply from a 12 months earlier regardless of a deep cutback in home use.
A Statistics Canada grain stocks report Tuesday estimated whole nationwide barley stockpiles as of Dec. 31, 2021 at 3.146 million tonnes, down 43.6% from the earlier 12 months and simply the bottom on report going again to 1980. In truth, Dec. 31 barley stocks had been a whopping 36% beneath the earlier low of 4.943 million notched in 2018 and a pointy distinction to the mid- to late Nineteen Nineties when December barley stocks routinely touched 9 million to 10 million tonnes.
In the meantime, whole oat stocks as of Dec. 31 fell 39.1% 12 months over 12 months to 1.657 million tonnes, additionally the bottom on report going again to 1980.
Regardless of the availability tightness brought on by final summer time’s Prairie drought, StatsCan famous that barley exports rose 6.6% from a 12 months earlier to 1.9 million tonnes, principally destined for China. In distinction, home use—largely for feed—fell 39.1% to 2.7 million tonnes.
Nationwide on-farm barley stocks as of Dec. 31 had been down 45.4% to 2.8 million tonnes, whereas business stocks fell 23.3% to 345,500 tonnes.
On-farm barley stocks in Alberta had been pegged at 1.44 million tonnes, down virtually 1 million from a 12 months earlier. At 871,000 tonnes, on-farm barley stocks in Saskatchewan had been down 58.5% from the earlier 12 months and on-farm Manitoba shares dropped 31.8% to 300,000 tonnes.
For oats, Canadian on-farm shares fell 43.8% to 1.4 million tonnes, and business stocks decreased by 2.3% to 297,600 tonnes. Home oat disappearance was down by 42.7% from a 12 months earlier to 447,100 tonnes, largely due to decrease feed use brought on by decrease provide, in contrast with a 12 months earlier, StatsCan mentioned.
Saskatchewan on-farm oat stocks had been down 52% from Dec. 31, 2020 to 620,000 tonnes, whereas Manitoba stocks dropped 58.8% to 210,000 tonnes. Alberta on-farm oats stocks had been 29% decrease at 310,000 tonnes.