By Commodity News Service Canada
Winnipeg, July 21 (CNS) – Following are a few highlights in the Canadian and world feed grains markets on Friday, July 21.
Bids for feed wheat in Saskatchewan are holding steady, according to the latest information from the Prairie Ag Hotwire. Prices are listed at C$3.15 to C$5.10 per bushel.
Prices for oats in Manitoba are up 5 cents, according to the Hotwire. Prices are listed at C$3.09 to C$3.29 per bushel.
Oat prices in North Dakota are up 4 cents to C$2.84 a bushel.
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Navy bean prices in Manitoba fell half a cent to 34.5 cents per pound.
About 20 percent of Saskatchewan’s hay crop has been cut, with another 59 percent put into silage or baled, according to the province’s latest crop report.
According to a report in the High Plains Journal, wheat production in Arkansas is on the rise. The forecast for the winter wheat crop in 2017 is 7.17 million bushels. That is 18 percent higher than the June forecast. Approximately 130,000 acres were seeded this year with an expected yield of 55 bushels an acre.
It appears the United Kingdom will be a net importer of wheat for the second year in a row. According to government data, imports will outpace exports by 200,000 tonnes in the year ended June 30. That compares with an average net export of roughly 1.2 million tonnes over the past 20 years.
Chicago Board of Trade corn futures declined seven to 11 cents on Friday. The US Corn Belt is expected to see some rain this weekend which is expected to help the crop through its pollination phase. China sold another 1.9 million tonnes of corn at its most recent state reserve auction, which was bearish.
Feed wheat bids in the key cattle feeding area of Lethbridge, Alberta were in the C$210 to C$240 per tonne range as of July 17, which was eight dollars higher at the top end compared to the previous week, according to the latest pricing information from the provincial government. Feed barley prices were roughly 15 dollars higher overall, at C$199 to C$212 per tonne in Lethbridge.
