By Commodity News Service Canada
WINNIPEG, Aug. 24 (CNS Canada) – Cargill has announced it is planning a US$18 million upgrade to a feed grain storage facility in Nebraska. The site in Gibbon, Neb., will be able to store two million more bushels of corn, soybeans and wheat and will have an unload capacity of 65,000 bu. per hour. The facility has eight full-time employees. The upgrades are expected to be complete by early 2019.
At Agfinity.com, live offers today for feed barley ranged from C$3.55 per bushel at Three Hills, Stettler and Vermilion, Alta., to C$4.15 at Brooks, Alta.
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Spring-threshed barley ranged from C$3.25 at Camrose, Alta. to C$3.90 per bu. at Provost, Alta.
Spring-threshed wheat was being offered for a range of C$3.67 at Camrose, Alta., to C$4.57 at Edmonton and Bluffton, Alta., and was offered for the best bid at Eston, Sask.
In southern Manitoba, the silage corn harvest could be early this year because dry conditions have hampered cob development, Marcus Dueck of Marc Hutlet Seeds said during a crop tour of the Grunthal area. The tour was held to let producers know that they need to be ready for early cutting where necessary. Plants that are left too long in dry conditions and are unable to properly develop cobs due to lack of moisture start to lose starch content, he said.
U.S. crop tours travelled through the Midwest this week and yesterday reported that Illinois corn yields will likely yield 180 bu. per acre, which is below last year’s yield but ahead of 2015. South Dakota rated better than what analysts expected but the sampled area was outside of areas suffering from drought stress. Nebraska tests came in above analysts’ expectations, as did Ohio, well Indiana fell short. Pro Farmer is expected to have national estimates from the Farm Journal tour Friday.
Corn futures on the Chicago Board of Trade were unchanged for the September contract, with 87,962 traded. The December and March contracts were both down 0.5 of a cent U.S.
September settled at US$3.42 per bushel, December at US$3.56.25 per bushel with volume at 160,266 and March settled at US$3.68.75 with volumes of 27,691.
