Canadian Wheat (Excl Durum) Ending Stocks Seen at Record Low

Canadian ending stocks of wheat (excl durum) are projected to drop to their lowest on record, amid heavier than expected domestic use. Updated monthly supply-demand estimates released by Agriculture Canada on Tuesday forecast 2023-24 wheat ending stocks at 2.5 million tonnes, down 600,000 from the April estimate. If accurate, it would easily take out of the previous ending stocks low of 3.1 million in 2022-23. This month’s fall in ending stocks is entirely due to a larger feed, waste and d