By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, October 2.
The Russian grain harvest continues to grow. According to the government’s Ministry of Agriculture, the country will harvest more than 127 million tonnes by the end of the year. The current total stands at 124 million.
Drought problems are expected to intensify in the central Dakotas, according to the US Drought Monitor. The area has actually received some rainfall over the past month but not enough to replenish soil moisture.
Feed wheat bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$212 to C$225 per tonne range
as of September 29, which was up four dollars at the low end,
compared to the previous week, according to the latest pricing
information from the provincial government. Feed barley prices
were somewhat mixed, relative to the previous week. Bids ranged from C$200 to C$210 per tonne in Lethbridge. That compares to C$190 to C$205 the previous week.
Prices for feed barley in Manitoba were hanging relatively steady, according to the latest information from the Prairie Ag Hotwire. Bids are going for C$3.25 to C$3.45 per bushel.
Prices for corn in North Dakota gained three cents, according to the Hotwire. Bids are now C$3.24 to C$3.43 per bushel.
Corn futures on the Chicago Board of Trade finished two to three cents weaker on Monday, as the rapidly advancing US harvest weighed on values. Rising prices for freight on river barges were also bearish. Weekly export inspections were slightly higher than last week.