Friday, May 6, 2016

Prairie farmers are sold out



There is less wheat left to be sold from the Canadian prairies than since the 1930s.

Lentils are completely sold out.

Canola stocks are down by 10 per cent from a year ago and there is 13 per cent less held on farms now than a year ago.

Canada’s stocks of soybeans are lower than a year ago, but there are larger stocks of corn, barley and oats than a year ago.

It’s a good time to be sold out of wheat because prices have been in decline, pushed lower because the U.S. is poised to harvest a large crop of winter wheat.