Feed Grains: Smaller Canadian barley crop forecast for 2017

By Commodity News Service Canada

WINNIPEG, Jan. 30 (CNS Canada) – Canadian farmers will grow less barley in 2017/18, according to the first new crop production estimates from Agriculture and Agri-Food Canada

Total barley seedings are forecast at 2.500 million hectares, which would be down only slightly from the 2.586 million seeded in 2016. However, a return to average yields would see production come in nearly 800,000 tonnes lower on the year, at 8.000 million.

All wheat production is also forecast to decline in Canada, due primarily to lower durum seedings, according to Ag Canada. However, oat area is expected to rise slightly on the year, with total production forecast at 3.300 million tonnes. That would compare with the 3.147 million tonnes grown in 2016.

Corn futures at the Chicago Board of Trade were down on Monday, as improving South American crop conditions and heavy losses in soybeans weighed on prices.

Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$160 to C$170 per tonne range as of January 27, which were relatively steady compared to the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were also steady, at C$178 to C$185 per tonne in Lethbridge.

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