Feed Grains: Alberta feed grain reserves may fall short

Feed Grains: Alberta feed grain reserves may fall short

By Commodity News Service Canada

Winnipeg, Nov. 6 (CNS) – Following are a few highlights in
the Canadian and world feed grains markets on Monday, Nov. 26.

Feed wheat bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$214 to C$219 per tonne range
as of Nov. 3, which was slightly higher from the previous week,
according to the latest pricing information from the provincial
government. Feed barley prices were two dollars more overall,

According to Alberta’s last crop report for the year, feed
grain reserves are estimated to be at adequate to surplus for
the winter, with some producers anticipating a shortfall. Feed
grain reserves are rated at one per cent deficit, 10 per cent
shortfall, 69 per cent adequate and 20 per cent surplus.

South Africa’s corn exports will hold up better than
thought, according to a recent U. S. Department of Agriculture
report. The USDA’s Pretoria bureau has estimated there will be
two million tonnes of South African corn exports for the year
starting May, 2018. This will be 500,000 tonnes less than the
current 2017-18 season but above the original USDA estimate of
1.7 million tonnes. As well it is above the five-year average of
1.61 million tonnes.

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