By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Friday, Dec. 1.
Prices for feed wheat in Saskatchewan are up 10 cents over the past week, according to the latest information from the Prairie Ag Hotwire. Bids are listed as C$3.90 to C$5.00 per bushel.
Oat prices in Alberta are up eight cents during that same time-frame. Bids are priced at C$2.40 to C$3.16 per bushel.
Feed barley bids in the key cattle feeding area of
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as of Nov. 24, which was up a few dollars compared to
the previous week, according to the latest pricing information
from the provincial government. Feed wheat prices came in at
C$220 to C$225 per tonne in Lethbridge, which were four to five dollars higher than the previous week.
Corn futures at the Chicago Board of Trade climbed two to three cents on Friday as traders covered shorts before the weekend. A Brazilian crop consultant is predicting that Brazil’s corn production will fall by 17 percent this year due to a reduction in planting, which was bullish. Dryness problems continue to crop up in Argentina, adding to the upside.
Feed barley bids in North Dakota rose 15 cents over the past week and are going for C$2.19 to C$3.10 a bushel.
Grain stocks have fallen in Ukraine. According to a report by UkrAgroConsult, stockpiles of barley fell by 28.3 percent on Nov. 1, compared to the same time last year. Corn stocks were down 12.4 percent. Wheat stocks declined by 4.2 percent. The report cited increased exports and a slight decline in the harvest as the main reasons behind the drop.
Shipments of grain from Kazakhstan are on the rise. According to government data, the country shipped out just over one million tonnes of grain during the first two months of the marketing season (September and October), which was three percent more than the same time last year.
An infestation of armyworms is chewing its way through the corn crop in the African country of Malawi. So far, the pest has infested over half of the planted irrigation crop. Last year, Malawi produced 3.2 million tonnes of corn.
