Canada’s canola, wheat stocks shrink less than expected

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Winnipeg/Ottawa | Reuters — Canadian canola and wheat stockpiles were sharply lower in midsummer from a year earlier, the smallest in three years, but bigger than expected, a Statistics Canada report showed on Wednesday.

StatsCan pegged all-wheat stocks as of July 31 at 5.2 million tonnes, down 27 per cent from a year ago but far exceeding the average trade expectation of 4.29 million tonnes.

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