By Commodity News Service Canada
WINNIPEG, July 28 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Thursday, July 28.
– French farmers are seeing the smallest wheat yields in 30 years, according to reports. Producers are seeing yields of about 5.5 tonnes per hectare, the lowest since 1986 and 24 per cent below the five year average.
– Analysts at Rabobank have drastically lowered their outlook for feed grain prices, due to heavy supplies and big harvests, according to reports. Record US yields and an impending EU feed-quality crop will contribute to a 2016-17 global feed grain glut.
– Harvest of the US spring wheat crop has begun, according to US AgNet. South Dakota has harvested nearly 20 per cent of the crop, compared to 14 per cent on average. North Dakota and Minnesota began harvesting over the weekend but have been limited due to rain.
– Feed barley in Saskatchewan dropped 10 cents to top prices of C$3.05 per bushel, according to Prairie Ag Hotwire. Manitoba and Alberta top prices remained steady at C$3.45 and C$4.25 per bushel.
