By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Thursday, Nov. 30.
Prices for feed barley in Manitoba are holding steady, according to the latest information from the Prairie Ag Hotwire. Bids are listed as C$3.55 per bushel.
Oat prices in Saskatchewan are listed at C$2.40 to C$2.80 per bushel.
Feed barley bids in the key cattle feeding area of
Lethbridge, Alta. were in the C$215 to C$221 per tonne range
as of Nov. 24, which was up a few dollars compared to
Read Also
Canadian Financial Close: Canadian dollar steady
By MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The Canadian dollar rallied after previous losses, to close steady on Wednesday. The…
from the provincial government. Feed wheat prices came in at
C$220 to C$225 per tonne in Lethbridge, which were four to five dollars higher than the previous week.
Corn futures at the Chicago Board of Trade rose one to two cents on Thursday. Traders were covering shorts along with some technical buying. Weekly export sales for the week in the U.S. hit nearly 600,000 tonnes, which was below trade estimates. China bought 110,000 tonnes of sorghum from the U.S.
Oat prices in North Dakota rose two cents and are going for C$2.27 a bushel.
Nearly 60 million tonnes of grain has been harvested in Ukraine as of November 29. Information from the Ministry of Agrarian Policy says wheat and corn were the country’s two biggest crops.
According to a report on The Weekly Times, the U.S. Wheat Associates are closing their office in Cairo, Egypt. The USW is the export market development organization for the U.S. wheat industry. The move is apparently being made because U.S. wheat is no longer competitively priced with its Black Sea counterparts. Russia now supplies 75 percent of Egypt’s annual wheat requirements. Kazakhstan, Ukraine and Romania are also sending supplies to Egypt. Argentina is expected to join the fray now that its 20 percent tax on wheat exports has been removed.
The Japan Times is reporting that an increasing number of pork and beef farmers in the country are using rice instead of imported corn to feed their animals. While the human consumption of rice in Japan has fallen in recent years, feed use is booming. Feed-rice production jumped from 8,000 tonnes in 2008 to 506,000 tonnes in 2016, according to the report. For years the government has been encouraging the switch in a bid to help local economies and other environmental reasons.
