By Commodity News Service Canada
WINNIPEG, Feb. 13 (CNS Canada) – Australia’s winter barley crop is forecast to hit a new record of 13.4 million tonnes, according to updated estimates from the Australian Bureau of Agricultural and Resources Economics and Sciences (ABARES).
Wheat production in the country is also forecast to hit a record 35.1 million tonnes, up by 2.5 million tonnes from an earlier estimate.
Chicago Board of Trade corn futures posted small gains on Monday, supported by solid end user demand.
Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$152 to C$165 per tonne range as of February 10, which were down slightly compared to the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were also down, at C$175 to C$183 per tonne in Lethbridge.
