Statistics Canada: 2021/22 soybean ending stocks 43% lower than five-year average

Foreign media, October 10 news: Statistics Canada’s 2021/22 major grain supply and demand report shows that soybean ending stocks in 2021/22 are 297,800 tons, an increase of 4,000 tons year-on-year, and 43.2% lower than the five-year average. That was lower than the 400,000 tonnes forecast by Agriculture Canada (AAFC) in September.

Among them, farm soybean stocks increased by 28,600 tons year-on-year, while commercial stocks decreased by 24,600 tons.

Canadian soybean crush is estimated at 1.858 million tons in 2021/22, an increase of 221,900 tons year-on-year and 0.6% above the five-year average. Soybean exports were 4.281 million tons, down 381,200 tons from the previous year and 7.9 percent below the five-year average.