Feed Grains: High-protein wheat becoming increasingly scarce

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By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Friday, Dec. 29.
The Hellenic Shipping News says a lack of high-protein is becoming a world-wide problem. One trader from Singapore said that with the exception of the United Sates, it was becoming nearly impossible to source high-protein wheat. One of the major problems is that Australia’s wheat crop is expected to be its lowest in 10 years. Australia is generally the biggest supplier of high-protein varieties to Asia.

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Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were up slightly during the week ended Dec. 22 to range from C$220 to C$224 per tonne, according to the latest pricing information from the provincial government. Feed wheat prices were roughly the same at C$218 to C$224 per tonne in Lethbridge.
Corn futures at the Chicago Board of Trade finished around one cent weaker on Friday as investors engaged in chart-based trading ahead of the long weekend. Weekly export sales in the U.S. came in slightly higher than expected. Icy weather has disrupted barge deliveries on the Illinois River, which was supportive.
Mexico and Japan were two of the leading buyers of U.S corn this week. Weekly export sales topped 1.24 million tonnes.

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