By Commodity News Service Canada
WINNIPEG, March 14 (CNS Canada) – Large amounts of grain left to overwinter in Western Canada will soon be coming off the fields, weather permitting, with much of the overwintered crops likely destined for the feed sector. Those supplies are already weighing on prices, although just how much will actually be harvested remains to be seen.
Bird flu remains a concern in China, with the country reporting the sixth outbreak in recent months.
Chicago Board of Trade corn futures were firmer on Tuesday, boosted by solid export demand and speculative buying interest. However, large South American crops and weakness in crude oil tempered the gains.
Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$155 to C$162 per tonne range as of March 10, which were steady compared to the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were steady, at C$175 to C$180 per tonne in Lethbridge.
