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Feed Grains: Wheat rust threatens overseas crops

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Published: February 8, 2017

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, February 8.
Prices for feed wheat in Manitoba climbed higher, according to the latest information from the Prairie Ag Hotwire. Bids gained eight cents and are now going for C$4.75-$4.99 per bushel.
According to the Topeka Metro News, the winter wheat crop in Kansas is getting a mixed review. Approximately 20 percent of the wheat is poor or very poor using criteria from the National Agricultural Statistics Service. A third of the wheat is listed as being in fair condition with 42 percent rated as good.

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Wheat rust is rearing its ugly head in Europe, Africa and Asia, according to a report on Stackyard.com. Some scientists are saying the strains of the disease, seen in 2016, are new, and could threaten long growing areas along the Mediterranean and Adriatic coasts.
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 Wednesday, as traders positioned themselves ahead of tomorrow’s supply and demand report compiled by the USDA. Some of Brazil’s major corn-growing areas are too dry, according to a report.

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