By Commodity News Service Canada
WINNIPEG, Dec. 7 (CNS Canada) – CORN futures on the
Chicago Board of Trade suffered modest losses on Wednesday, due to strength in the US dollar and large global supplies. A survey of analysts by Bloomberg predicted that corn ending stocks in the US would increase by 11 million bushels to 2.414 billion.
Prairie oats bids continue to bounce around with prices rising by five cents (per bushel) overnight in Saskatchewan and Manitoba and 30 cents in Alberta. According to the Prairie Ag Hotwire, a bushel is going for C$2.71 in Saskatchewan, C$3.12 in Manitoba and C$3.30 in Alberta.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
The International Grains Council has hiked its estimate of world wheat production in 2016-17. The IGC says production is now expected to hit 748.6 million tonnes, which is up slightly from the previous estimate of 748.4 million. Part of the increase can be traced to recently expanded production numbers in Australia and Canada.
The European Union says it expects its grain production to increase by 12 percent over the next 10 years.
On the flip side, grain production in China is expected to fall by 2.5 percent between now and 2020, according to a state grain planner.
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 December 2, which was the same as the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were roughly the same, coming in at C$190 per tonne in Lethbridge.
