By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Friday, November 3.
Prices for feed barley in Saskatchewan fell four cents last week, according to the latest information from the Prairie Ag Hotwire. Bids are listed as C$3.15 to $3.31 per bushel.
Oat prices in Manitoba fell seven cents and are going for C$2.80 to C$2.97 per bushel.
Oat prices in North Dakota fell 10 cents and are going for C$2.51 a bushel.
Feed barley bids in the key cattle feeding area of
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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 one to two cents lower on Friday. Argentina’s agriculture ministry has released its estimate for the soybean crop, it pegs it at 53.2 million tonnes, which is nearly 5 million tonnes less than what the USDA had predicted.
Prices for wheat on the international market are expected to drop in 2018 due to the large amount being grown, according to a report on UkrAgroConsult. Favourable rains in Europe and Russia helped create bumper crops in both regions with production in 2017/18 expected to hit 748.5 million tonnes. If that number is accurate it would be just 5.6 million tonnes less than the previous year’s record.
Scientists in Russia are apparently working on a strain of wheat that will be resistant to cold temperatures and diseases. In an interview with Sputnik France, Russian academic Bagrat Sandukhadze said Russian plant breeders had grown a cold-resistant wheat in the central portion of the country. He claims that some of it is 18 percent protein.
