Feed Grains: Rain crimps wheat production across North America

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Published: May 25, 2017

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Thursday, May 25.
It appears roughly five percent of Saskatchewan cropland won’t be seeded this spring due to excess moisture. Most of the wet area is situated in the northern portion of the province. Seeding is approximately 60 percent complete, which is slightly behind the five-year average of 65 percent. Saskatchewan annually grows the most wheat in the country.
Rain has slowed down and in some cases stopped the hard red wheat harvest in the US Southern Plains this week. According to a report on USwheat.org, most of the moisture is being recorded in central Texas and southwest Oklahoma. So far, yields in the area are coming in between 20 to 40 bushels an acre.

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Prices for oats in Alberta rose 39 cents during the past week, according to the latest data from the Prairie Ag Hotwire. Prices are listed at $2.40 to $3.62 per bushel.
Chicago Board of Trade corn futures lost one to two cents per bushel on Thursday, due to disappointing US export sales and strong Brazilian exports.
Feed wheat bids in the key cattle feeding area of Lethbridge, Alberta were in the C$193 to C$201 per tonne range as of May 19, which was roughly five dollars less compared to the previous week, according to the latest pricing information from the provincial government. Feed barley prices were up five to seven dollars compared to the previous week, at C$177 to C$180 per tonne in Lethbridge.

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