AAFC makes more adjustments to canola numbers

Glacier FarmMedia | MarketsFarm — With exports of Canadian canola still going strong in 2024/25, Agriculture and Agri-Food Canada readjusted its estimates in its June supply and demand report.

Old crop canola exports were raised to nine million tonnes from 8.5 million in May. AAFC said Canadian farmers still had canola to haul to market.

The Canadian Grain Commission reported canola exports exceeded 8.8 million tonnes as of June 15 with seven weeks remaining in the 2024/25 marketing year.

In order for AAFC to balance its June canola numbers, it further lowered the oilseed’s feed waste and dockage to minus 959,000 tonnes from minus 609,000 in its May report. With other changes to its total grains and oilseeds feed, waste and dockage, that brought total supplies down to 19.595 million tonnes from 20.145 million last month.

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Canola ending stocks for the current marketing year were lowered to 1.15 million tonnes, which compares with the May estimate of 1.3 million. The new crop canola carryout was forecast at 1.85 million tonnes, down from two million.

The department noted its data will be updated once Statistics Canada issues its coming reports later in the summer.

Most other crops only saw minor adjustments, aside from dry peas. AAFC increased 2025/26 pea exports to 1.65 million tonnes from 1.3 million in May and reduced domestic usage to 670,000 tonnes from 770,000. Also, new crop ending stocks were cut by 400,000 tonnes to now 1.3 million, which would still be well above the 425,000-tonne carryover for 2024/25.

June estimates for Canadian major crops supply and demand: in million tonnes. Source: Agriculture and Agri-Food Canada.

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