Feed Grains: Large Canadian grain supplies expected

By Commodity News Service Canada

WINNIPEG, Dec. 2 (CNS Canada) – Statistics Canada’s production estimates, due out on December 6, are generally expected to show large wheat and barley crops. While the data won’t break down by quality, more grain is grading feed than normal this year due to the adverse weather.

Trade estimates on the size of the wheat crop (spring, winter, and durum combined) are generally topping 30 million to 31 million tonnes, which would be well above the 27.6 million tonnes grown the previous year. Trade guesses on the size of the barley crop range from about 8.1 million to 9.1 million tonnes, with most leaning towards the upper end of that range. Canada grew 8.2 million tonnes of barley in 2015.

Corn futures at the Chicago Board of Trade were up on Friday, as the market corrected off of its nearby lows to end the week.

Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$170 to C$175 per tonne range as of November 25, which was relatively steady compared to the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were also steady, at C$188 to C$192 per tonne in Lethbridge.

---

Newsletter Sign Up - Get access to essential information on Canada’s cattle industry daily.

One email delivered 6 days a week for ranchers, feedlots, packers and livestock sales operators.

Your Email(Required)

Your Postal Code(Required)

Consent

I consent to receiving emails from Glacier FarmMedia, its affiliates and divisions and third parties, containing agriculture news, updates and promotions. I can unsubscribe at any time

Email

This field is for validation purposes and should be left unchanged.