By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian
and world feed grains markets on Thursday, February 9.
Prices for oats in Alberta are up 15 cents per bushel on
the week, according to the latest information from the Prairie
Ag Hotwire. Supplies are now going for at C$2.31-$3.40 per
bushel.
Feed barley in North Dakota fell 10 cents over night and is
now priced at C$2.10-$2.50 per bushel
Russia’s dominance on the world grain market is growing.
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potential to boost wheat production by 40 percent over the next
decade and retain the title as top world exporter for the
foreseeable future. Bunge, Cargill, Dreyfus and ADM are all
reportedly building new handling facilities in the Black Sea
region to cope with the traffic.
Grain in the northern US Prairies is getting more snow
cover. A report by ProFarmer says patches of light snow in
Montana and the Dakota’s are helping insulate winter wheat.
Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$158 to C$168 per tonne range
as of February 3, which were about two dollars weaker compared
to the previous week, according to the latest pricing
information from the provincial government. Feed wheat prices
were also a few dollars lower, coming in at C$175 to C$185 per
tonne in Lethbridge.
Corn futures at the Chicago Board of Trade rose one to two
cents per bushel on Thursday, as today’s supply and demand
report from the USDA estimated stockpiles to be less than what
analysts had expected. The government pegged stockpiles next
August at 2.32 billion bushels which was less than general trade
guesses of 2.34 billion.
