Feed Grains: Weather delays stressing Brazilian corn farmers

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Published: November 1, 2017

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, November 1.
Prices for feed wheat in Saskatchewan are holding steady, according to the latest information from the Prairie Ag Hotwire. Bids are listed as C$3.20 to $3.35 per bushel.
Oat prices in Alberta rose 25 cents and are going for C$2.40 to C$3.20 per bushel.
Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$205 to C$213 per tonne range

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as of October 27, which was roughly the same price compared to the previous week, according to the latest pricing information from the provincial government. Feed wheat prices were a couple of dollars softer at the low end, coming in at C$212 to C$220 per tonne in Lethbridge.
Corn futures at the Chicago Board of Trade finished one to two cents higher on Wednesday. Traders went bargain hunting in the early going. U.S. ethanol stocks came in at 21.5 million barrels for the month. That was up 400,000 barrels over last month.
Corn prices in North Dakota fell two cents and are going for C$3.07 to C$3.36 a bushel.
Winter wheat is having a tough time starting in certain places in North Dakota. According to a story on capjournal.com, 36 percent was rated very poor with 17 percent classified as poor. Farmers began putting the crop in last month.
Corn farmers in Brazil are beginning to worry about the next corn crop. Some producers feel they could lose the window to plant the second crop. A lack of rain in central, western and northern areas has delayed soybean planting significantly. Soybeans are generally harvested in January or February and quickly followed by corn planting.
Most analysts expect tomorrow’s weekly U.S. corn export sales report to be in a range of 0.8 to 1.1 million tonnes.

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