By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, Nov. 28.
Prices for feed wheat in Saskatchewan rose 10 cents, according to the latest information from the Prairie Ag Hotwire. Bids are listed as C$3.90 to $5.00 per bushel.
Oat prices in Manitoba are holding firm at C$2.81 to C$3.20 per bushel.
Feed barley bids in the key cattle feeding area of
Lethbridge, Alta. were in the C$215 to C$221 per tonne range
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the previous week, according to the latest pricing information
from the provincial government. Feed wheat prices came in at
C$220 to C$225 per tonne in Lethbridge, which were four to five dollars higher than the previous week.
Corn futures at the Chicago Board of Trade fell one to two cents in technical trading on Tuesday. Rain in Argentina is easing concerns about excess dryness in soybean fields, which was bearish. The USDA released its 2018/19 corn area estimates today. The agency expects 91 million acres to be planted with production exceeding 14.5 billion bushels.
Feed barley prices in North Dakota rose 15 cents and are going for C$2.17 to C$3.06 a bushel.
According to information from the Russian State Statistics Committee, corn inventories in the country are down nearly 24 percent on an annual basis. Stockpiles were pegged at 1.01 million tonnes in November.
Ukrainian barley exports to China are booming. According to a story by UkrAgroConsult, exports hit 790,000 tonnes in 2017/18, which eclipsed the previous record set in 2015/16 of 647,000 tonnes. The rise coincides with lower barley production in Australia, which for years, has been the main supplier of barley to China.
