By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, November 14.
Prices for feed wheat in Saskatchewan are holding steady, according to the latest information from the Prairie Ag Hotwire. Bids are listed as C$3.90 to $4.90 per bushel.
Oat prices in Manitoba rose two cents and are now going for C$2.86 to C$3.03 per bushel.
Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$210 to C$217 per tonne range
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Corn futures at the Chicago Board of Trade finished four cents lower on Tuesday, weighed down by harvest progress in the U.S. Weakness in ethanol prices was a feature in the market. On the other side, there are ideas Ukraine’s corn production could fall to 24 million tonnes this year, which was supportive.
Corn prices in North Dakota fell two cents and are going for C$3.13 to C$3.40 a bushel.
Russian wheat exports will continue to dominate the grain market in 2017/18, according to a report from UkrAgroConsult. The latest private estimate for Russian wheat production was a record 82.9 million tonnes. That exceeds the USDA’s prediction and comes at a time when the Russian ruble is relatively weak.
India has begun shipping wheat to Afghanistan. 15,000 tonnes were recently sent to the Afghan province of Nimroz, which borders Iran. The shipment started at a west-coast Indian port and actually had to go through part of Iran to reach its destination. India’s ambassador to Kabul, told reporters the route is viable and more shipments are scheduled.
