By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Friday, May 26.
A report on the Farm Credit Canada website says feed prices could climb in the coming months as existing supplies of feed decline. The report, compiled by ProFarmer Canada, notes barley supplies in the country are expected to be lower in 2017. According to Statistics Canada, barley acreage will be 5.88 million acres this spring, down from 6.39 acres last year. The report also points to US corn acres, which are expected to be four million acres lower than last year. That could mean North America’s overall feed complex will be more sensitive to weather conditions and their effect on various feed crops, the report says.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
Prices for oats in North Dakota rose 2 cents, according to the Hotwire. Prices are now listed at of $2.33 per bushel.
Cold weather in Russia is expected to cut into the country’s grain harvest, according to a report on UKRAgroConsult. Top officials with the country’s weather office recently told reporters Russia won’t record as big a harvest as last year.
South Africa has imported 60 percent less wheat in the current season (started October) than the same time last year. A report on grainboard.ru says the country has received 487,000 tonnes of wheat so far. Strong domestic yields are cited as reasons behind the decrease.
Chicago Board of Trade corn futures gained five cents to end the week. The market rallied with the approach of crop insurance deadlines in the US. If farmers want to plant corn they need to do so now to make the cut-off date. Many analysts expect some producers to switch to soybeans instead.
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.
