EU wheat and barley harvests expected to rise

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By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, March 21.
Oat prices in Saskatchewan were down two cents overnight in the latest Prairie Ag Hotwire Report. They are currently listed at C$2.53-$2.70 a bushel.
According to the Mexican office of the USDA, grain production should return to average levels in 2017/18, after normal weather boosted wheat and corn production. However, the bureau’s website says slower economic growth in 2017 means grain consumption will only increase by a small margin.

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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…

Strategie Grains raised its forecast for wheat and barley harvests in the European Union. Barley is expected to rise by 100,000 tonnes to 61.4 million tonnes while soft wheat is forecast to increase by 100,000 tonnes to 143.9 million. However, the group lowered its forecast for expected corn acreage by 900,000 tonnes to 60.5 million. Rain in late February and early March was said to be good for cereal production.
The Russian Ministry of Agriculture reports that wheat exports between July 1 to March 15 were up 2.9 per cent to 20.21 million tonnes. Meanwhile Russian corn exporters have shipped 3.6 million tonnes of corn in the current marketing year.
Chicago Board of Trade corn futures were one to two cents weaker on Tuesday, as favourable weather in Brazil is expected to aid development of the second crop, which is already expected to be massive.

Feed wheat bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$178 to C$185 per tonne range
as of March 17, which was three to five dollars higher compared to the previous week, according to the latest pricing information from the provincial government. Feed barley prices were steady to up three dollars, at C$155 to C$165 per tonne in Lethbridge.

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