SunSirs (May 7) — A stocks report released by Statistics Canada on Wednesday revealed that, as of March 31, 2026, Canada's total soybean inventory stood at 1.5 million tonnes—a year-over-year decline of 45.7%. Breaking down these figures, on-farm stocks totaled 541,000 tonnes (down 69.4% year-on-year), while commercial stocks amounted to 955,000 tonnes (down 3.3% year-on-year). The primary factors driving this decline in soybean stocks include an 11.4% year-over-year drop in total supply to 7.4 million tonnes, coupled with a 6.6% increase in exports, which reached 4.7 million tonnes.

As a major global soybean exporter, Canada's reported total soybean inventory as of the end of March 2026 marks a significant year-over-year contraction of 45.7%—with on-farm stocks alone plummeting by 69.4%. This reduction in total supply (down 11.4% year-on-year), occurring alongside a rise in exports (up 6.6% year-over-year), indicates a tightening supply-and-demand balance; this scenario provides positive support for both spot and futures prices of soybeans.

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