By Robb M. Stewart

OTTAWA--Stocks of most of Canada's main field crops have fallen, though stocks of soybeans are up as of the end of the first quarter.

Total wheat stocks were down 1.2% from a year earlier to roughly 15.4 million metric tons as of March 31, Statistics Canada said Thursday.

On-farm stocks were 7.6% lower at 11.3 million tons, while commercial stocks jumped 22.6% 4.1 million tons, the agency said.

Deliveries of wheat off farm rose by 6.6% on last year to 24.9 million tons, and exports of the crop were 9.1% higher at 18.3 million tons thanks to increases in durum following lower-than-average shipments in 2024.

Canadian stocks of canola were 38.7% lower year-over-year at roughly 6.8 million tons, which the agency said reflected a 42.8$ drop in on-far stocks and 18.2% fall in commercial levels.

Canola exports for the latest period were up 73.6%. to 6.8 million tons, the highest amount since 2021. Domestic use of canola, which is mainly for crushing, reached a record 8.1 million tons in the first quarter, beating the previous record set in 2020, thanks in part to an expansion in the crop to meet demands for renewable energy.

Total stocks of corn for grain were 13.0% lower at 7.2 million tons as of the end of March. Imports of corn for grain fell 50.2% for the period to 1.0 million tons, while exports of crop in the quarter doubled to 1.4 million tons.

Soybean stocks were up 10.9% on last year to 2.4 million tons. On-farm stocks rose 11.1%, while commercial stocks increased 10.6%.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

May 08, 2025 08:46 ET (12:46 GMT)

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