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Statistics Canada Releases July 31 Stocks Report

As of July 31st, Canada's total stocks of barley and oats were up from the same date a year earlier, while stocks of wheat, canola, dry peas and lentils were down.
 
Total stocks of wheat declined 14.6% year over year to 5.0 million tonnes.
 
Total stocks of canola declined by 34.3% year over year to 2.7 million tonnes as of July 31st.
 
Barley stocks rose 10.9% year over year to 956,500 tonnes as of July 31. Total stocks of oats were up 7.3% year over year to 425,600 tonnes.
 
Total stocks of dry peas declined 25.0% year over year to 234,100 tonnes as of July 31. Stocks of lentils totaled 61,000 tonnes as of July 31, down 91.5% from the same date a year earlier.
 
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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.