By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, October 16.
Prices for feed barley in Saskatchewan climbed over the past week, according to the latest information from the Prairie Ag Hotwire. Bids gained 35 cents and are now going for C$3.15 to $3.65 per bushel.
Oat prices in Manitoba advanced four cents and are currently locked in a range of C$2.90 to C$3.07 per bushel.
Feed barley bids in the key cattle feeding area of
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as of October 13, which were three dollars weaker at the low end compared to the previous week, according to the latest pricing information from the provincial government. Feed wheat prices were five dollars weaker at the high end, coming in at C$215 to C$220 per tonne in Lethbridge.
The Rosario Board of Trade says it believes Argentina will take off a million less tonnes of wheat this year compared to last year. The group pegs the 2017/18 harvest at 16 million tonnes. It credits flood and disease with the lighter showing,
Corn futures at the Chicago Board of Trade fell two cents per bushel on Monday, due to technical trading and harvest pressure. The USDA’s weekly corn export inspection numbers were also disappointing, coming in at 322,672 tonnes, which was well below analysts’ expectations of 600,000 to 800,000 tonnes.
In North Dakota, corn prices rose three cents per pound, according to the Hotwire, and are going for C$3.16 to C$3.38 a bushel.
Corn yields in Iowa are surprisingly good, according to information from the USDA. As of October 1, the agency’s latest forecast calls for average yields of 191 bushels an acre. In all, the state is expected to produce 2.46 billion bushels. That is the third highest yield and production on record.
