Source: Sean Pratt, Producer.com, July 5, 2018
The industry thinks 5.4 million extra tonnes of grain than normal are sitting on the Prairies this summer, and farmers are expected to harvest a big crop this fall.
Carryout from the 2017-18 crop is going to be way bigger than usual, according to Canada’s grain monitor.
Quorum Corp. is forecasting 12.6 million tonnes of ending stocks for western Canadian grains, well above the previous five-year average of 8.3 million tonnes.
That means there will be an extra 4.3 million tonnes sitting in grain bins with what Agriculture Canada expects to be another big crop on the way.
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