Wheat Stocks Tighten on Heavier Export Demand

Nov 20, 2024

Projected 2024-25 Canadian wheat ending stocks have been lowered from last month amid expected higher export demand.

Agriculture Canada’s latest monthly supply-demand estimates on Tuesday pegged Canada all wheat ending stocks for the current marketing year at 4.6 million tonnes, down 300,000 from last month and now slightly below the previous year’s 4.615 million.

The tighter stocks are entirely due to a higher all wheat export forecast, which now stands at 25.7 million, up from 25.4 million in October and 25.334 million in 2023-24.

Durum exports were bumped 100,000 tonnes higher from last month to 4.9 million, with projected ending stocks falling a corresponding 100,000 tonnes to 800,000 – still up sharply from 407,000 and 574,000 tonnes the previous two years.

Estimated wheat (excl durum) exports were raised 200,000 tonnes from last month to 20.8 million, while ending stocks declined an identical amount to 3.8 million, versus 4.208 million a year earlier.

In its accompanying commentary, Ag Canada said durum exports continue to move “swiftly through the licensed elevator system.” According to the Canadian Grain Commission, durum exports have outpaced last year’s shipments by 39% on

average since the beginning of the crop year, it added.

All wheat (excl durum) shipments were revised up this month based the pace of

exports to date, Ag Canada said.

Ag Canada’s season average durum price forecast of $325/tonne is unchanged from October but down $100 from 2023-24. The all wheat (excl durum) price forecast was trimmed $20 from last month to $310/tonne, little changed from $316 a year earlier.

Source : Syngenta.ca

Video: Winter Canola Trial in Mississippi | Can It Work for Double Cropping? | Pioneer Agronomy

Can winter canola open new opportunities for growers in the Mid-South? In this agronomy update from Noxubee County, Mississippi, Pioneer agronomist Gus Eifling shares an early look at a first-year winter canola trial and what farmers are learning from the field.

Planted in late October on 30-inch rows, the crop is now entering the bloom stage and progressing quickly. In this video, we walk through current field conditions, fertility management, and how timing could make this crop a valuable option for double-cropping soybeans or cotton.

If harvest timing lines up with early May, growers may be able to transition directly into another crop during ideal planting windows. Ongoing field trials will help determine whether canola could become a viable rotational option for the region.

Watch for:

How winter canola is performing in its first season in this Mississippi field

Why growers chose 30-inch rows for this trial

What the crop looks like as it moves from bolting into bloom

Fertility strategy, including nitrogen and sulfur applications

How canola harvest timing could enable double-cropping with soybeans or cotton

Upcoming trials comparing soybeans after canola vs. traditional planting

As more growers look for ways to maximize acres and diversify rotations, experiments like this help determine what new crops might fit into existing systems.