By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian
and world feed grains markets on Monday, September 11.
The wheat harvest in Kansas has turned up disappointing
protein levels. According to the National Agricultural
Statistics Service and Kansas Grain Inspection Service, the
average protein count for this year’s harvest is 11.6%. That
compares to the 10-year average of 12.5 percent.
More delays are expected for wheat shipments in Texas. The
effects of Hurricane Harvey have dragged down the number of
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rail-road tracks are still underwater. According to the USDA,
after August 31, no wheat supplies were checked for export from
Texas ports.
Feed wheat bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$215 to C$225 per tonne range
as of September 8, which was up five dollars at the low end,
compared to the previous week, according to the latest pricing
information from the provincial government. Feed barley prices
were in a slightly tighter range, relative to the previous week.
Bids ranged from C$195 to C$200 per tonne in Lethbridge.
Prices for feed wheat in Manitoba fell 28 cents, according
to the latest information from the Prairie Ag Hotwire. Bids are
now going for C$4.00 to $4.50 per bushel. Meantime, bids for
feed barley in the province were hanging steady at C$3.25 to
C$3.40 a bushel.
Corn futures on the Chicago Board of Trade finished one
cent higher as traders positioned themselves before tomorrow’s
USDA supply and demand report. There are ideas the agency will
reduce its forecast for the US corn yield in 2017. Weather
conditions in the Midwest are on the cool side but generally
favourable.
