By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, August 30.
The wheat harvest in the US is proceeding at a faster clip than normal. But it seems crop abandonment may be one of the main factors behind the increase. According to the USDA, 76 percent of the spring wheat crop has been taken off, well ahead of the five-year average of 66 percent. A report by the North Dakota Wheat Commission says yields are down though and some fields have been left alone due to drought damage.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
Feed wheat bids in the key cattle feeding area of Lethbridge, Alberta were in the C$212 to C$225 per tonne range as of August 25, which was down five to seven dollars compared to the previous week, according to the latest pricing information from the provincial government. Feed barley prices were roughly two dollars lower, at C$190 to C$197 per tonne in Lethbridge.
Prices for feed wheat in Manitoba rose 28 cents last week, according to the latest information from the Prairie Ag Hotwire. Bids are now going for C$3.85 to $5.08 per bushel.
Prices for corn in North Dakota slipped two cents, according to the Hotwire. Bids are now listed at C$2.99 to C$3.27 per bushel.
Corn futures on the Chicago Board of Trade finished three to four cents lower in technical trading. The market is near its lowest point in over half a year as favourable weather in the US Midwest pressures prices. Hurricane Harvey is expected to cause harvest delays in certain portions of the US Corn Belt.
