By Commodity News Service Canada
Winnipeg, July 31 – Following are a few highlights in the Canadian and world feed grains markets on Monday, July 31.
Feed wheat bids in the key cattle feeding area of Lethbridge, Alberta were in the C$228 to C$230 per tonne range as of July 28, which was eight to ten dollars higher compared to the previous week, according to the latest pricing information from the provincial government. Feed barley prices were roughly three to eight dollars lower, at C$192 to C$200 per tonne in Lethbridge.
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Prices for oats in Manitoba were down two cents last week, according to the Hotwire. Prices are listed at C$3.05 to C$3.25 per bushel.
Oat prices in North Dakota are down two cents to C$2.73 a bushel.
Approximately 11 percent of the United States is in moderate drought or worse, according to the US Drought Monitor’s latest report. Much of Montana along with sections of Nebraska, Kansas and the Dakota’s have been drier than normal for the past two or three months. Roughly half of the country’s spring wheat crop was also considered to be in drought, according to the report.
Spring wheat yields in North Dakota are 23 percent below the multi-year averages, according to the Wheat Quality Council.
According to the Buenos Aires Grain Exchange, Argentina has planted 92 percent of its wheat crop.
Chicago Board of Trade corn futures declined by two to three cents on Monday. Scattered rains and cooler weather in the US Plains have alleviated some of the stress on the crop, which was bearish for prices. However, Brazil’s corn harvest is lagging, which was supportive.
