Feed Grains: World barley stocks on the decrease

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Published: May 12, 2017

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Friday, May 12.
Prices for oats in North Dakota fell four cents, according to the latest data from the Prairie Ag Hotwire. Prices are going for $2.37 per bushel.
As much as 95 percent of winter wheat in Eastern Manitoba could need to be reseeded this year, according to a report in The Manitoba Cooperator.
The wheat harvest in Texas and Oklahoma is expected to kick off sooner than normal. A report in The Midwest Producer says Oklahoma wheat should be ready to take off as early as the third week of May. Harvest is already underway in Texas.

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According to the USDA, world barley stocks will end next year at their lowest point in nearly three decades. The USDA pegged stocks at approximately 17.5 million tonnes for 2017-18.
Chicago Board of Trade corn futures ended one to two cents per bushel higher to end the week. Values were pressured after the Buenos Aires Grain exchange hiked its estimate for Argentine corn production to 39 million bushels.
Feed wheat bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$185 to C$195 per tonne range
as of May 5, which was five dollars higher compared to the previous week, according to the latest pricing information from the provincial government. Feed barley prices were up two to ten dollars compared to the previous week, at C$170 to C$175 per tonne in Lethbridge.

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