07-02-2014 01:11 AM | Canada

Statistic Canada confirms huge grain and oilseed crops

Canada’s grain and oilseed stocks are significantly higher than they were last year and that’s posing challenges for farmers and the railways.

Statistics Canada released its grain and oilseed stocks report for the period ending December 31st. As many analysts expected, the report confirmed that wheat and canola were extremely large. Durum, Barley, Flax and Oats were also much bigger than a year ago.

Farmers are now waiting for the railways to ship them to port.
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