By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, October 30.
Prices for feed barley in Saskatchewan fell 30 cents last week, according to the latest information from the Prairie Ag Hotwire. Bids are listed as C$3.20 to $3.35 per bushel.
Feed wheat bids in Saskatchewan inched up five cents during the past week. They are now listed at C$3.90 to C$4.85 a bushel.
Oat prices in Alberta rose 20 cents and are going for C$2.40 to C$3.20 per bushel.
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Lethbridge, Alberta were in the C$205 to C$213 per tonne range
as of October 27, which was roughly the same price compared to the previous week, according to the latest pricing information from the provincial government. Feed wheat prices were a couple of dollars softer at the low end, coming in at C$212 to C$220 per tonne in Lethbridge.
Corn futures at the Chicago Board of Trade finished relatively unchanged on Monday. Futures chopped around in narrow, sideways trade as the market searched for direction. Most areas in the U.S. have seen decent weather, which has enabled harvest to proceed at a steady clip in recent days. One exception is the upper Midwest where combines were sidelined over the weekend due to showers.
The U.S. Grains Council is apparently exploring the feasibility of shipping corn and dried distillers grain to Lethbridge by train. Back in October, delegates with the council went on a trade mission to southern Alberta where they looked at ways of expanding U.S. sales. According to a story on grainnet.com, Canada imported 670,000 metric tons (26.4 million bushels) of U.S. corn in 2016/2017 as well as 735,000 tons of U.S. DDGS, a 13 percent increase year-over-year. However, the council feels Canada has the potential to use more than 4 million tonnes of DDGs on an annual basis.
