By Commodity News Service Canada
WINNIPEG, July 15 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Friday, July 15.
– Feed barley prices in Lethbridge have fallen from $200 (Canadian) per tonne to $190 (Canadian) per tonne in less than two weeks, according to a trader at Market Place Commodities in Lethbridge, Alberta. Rainfall across the province and declining wheat prices are weighing on prices.
– Wheat crops in North Dakota are developing at an above average pace with 91 per cent of US spring wheat headed out, compared to 64 per cent on average, according to reports.
– US corn could suffer as the strong supply of wheat is expected to take up storage space, according to reports. Elevator managers are expecting their elevators will fill up with wheat, leaving little or no room for corn.
– Feed barley in Western Canada remained steady with top prices of C$3.40 to C$4.46 per bushel, according to Prairie Ag Hotwire. Feed Wheat also remained steady with top prices ranging from C$4.50 to C$6.26 per bushel.
