Feed Grains: Prairie oats fight through tough year

By Commodity News Service Canada

WINNIPEG, Dec. 5 (CNS Canada) – CORN futures on the
Chicago Board of Trade reaped strong gains on Monday, finishing 11 to 12 cents per bushel higher. The market climbed with technical trading and advances in soybeans and soymeal.
The final crop report from Alberta Agriculture noted this year’s oat crop suffered some setbacks. Just 58 percent of oats made the top two grades, which is down 20 percent from the five-year average. Wet weather during the early portion of the harvest is cited as one of the main problems affecting the crop this year. Oat acres were down 20 percent in Western Canada, according to the Prairie Oat Growers Association.

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Feed grain reserves in Alberta were estimated as being adequate to surplus with few farmers worried about shortfall.
The report also estimated that 23 percent of the province’s barley crop would be eligible for malt.
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.
According to the US Drought Monitor, the western portion of Kansas is battling its way through a moderate to severe drought. The lack of moisture is affecting many wheat fields that haven’t gotten the moisture needed since planting.