By Commodity News Service Canada
Winnipeg, Dec. 6 (CNS) – Following are a few highlights in
the Canadian and world feed grains markets for Wednesday, Dec.
6.
Statistics Canada released its crop production report for
2017 Wednesday morning. Corn production rose by 6.8 per cent in
2017 to 14.1 million tonnes. Barley production decreased by 10.2
per cent in 2017 to 7.9 million tonnes. Wheat production
decreased by 5.5 per cent in 2017 to 30 million tonnes, however
harvested area increased from 2016 to 22.2 million acres.
Corn exports to the European Union from Russia are down
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tonnes of corn in the first two months of the 2017-18 marketing
season to the EU. This is 27 per cent less than last year. The
decline in corn exports is due to both a delay in harvesting and
a reduced corn harvest. The main importer of Russian corn is
currently Turkey, who imported more than 257,000 tonnes this
year, which is more than double last year’s amount. Lebanon,
Syria and Libya as well have imported more Russian corn this
year.
Feed barley bids in North Dakota are holding steady at
US$2.16 per bushel to US$3.05 per bushel, according to the
latest information from the Prairie Ag Hotwire. Feed barley bids
US$3.50 per bushel. Corn bids in North Dakota as well are
holding steady as well at US$3.22 per bushel to US$3.67 per
bushel.
