Canadian corn and soybean stocks as of Dec. 31, 2025 hit multi-year lows after national production sagged last year.
National corn stockpiles as of Dec. 31 dropped 3.3% year-over-year to 10.946 million tonnes, Statistics Canada said in a grain stocks report released Friday. That was the lowest December stocks level since 2019 when total inventories fell to 10.7 million tonnes.
Meanwhile, Dec. 31 Canadian soybean stocks were reported at 3.238 million tonnes, down a hefty 26.6% on the year and lowest since December 2021 at 3.217 million tonnes.
Nationwide corn production for 2025 is estimated at 14.867 million tonnes, down 3.1% from a year earlier, mainly due to overly dry conditions that hit portions of the No. 1 production province of Ontario. Soybean output, at 6.793 million tonnes, fell a steeper 10.2% on the year.
Canadian on-farm corn stocks as of Dec. 31 were reported at 7.289 million tonnes, down from 7.91 million a year earlier, while commercial stocks, at 3.657 million tonnes, were up from 3.407 million on Dec. 31, 2024.
National soybean on-farm stocks were reported at 1.448 million tonnes, down sharply from 3.044 million a year earlier, while commercial stocks increased to 1.789 million from 1.371 million.
On-farm corn stocks in Ontario as of Dec. 31 came in at 3.829 million tonnes, down 11% from a year earlier, while on-farm soybean stocks in the province were down 64% to just 554,000.
Manitoba on-farm corn stocks were up 30.4% to 1.14 million tonnes, while on-farm soybean stocks were down to 370,000 tonnes from 754,000 the previous year.
