Feed grains: US corn yields expected to be lower

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By Commodity News Service Canada


WINNIPEG, July 14 (CNS Canada) – US industry group, Planalytics, has cut its projection for corn yields in the US by three bushels an acre to 165, due to unfavorable weather during the growing season.


Corn futures at the Chicago Board of Trade were about four to seven cents per bushel stronger on Friday.


In its crop report for the week ending July 13, Saskatchewan Agriculture said most crops in the province are developing normally.


CME cattle futures advanced on Friday.


Spot prices for feed barley are between C$2.80 and C$4.18 per bushel in Western Canada, according to data from Prairie Ag Hotwire on Friday.


Spot feed wheat prices are between C$3.15 and C$6.31 per bushel in Western Canada.


Both those values are higher than those seen earlier in the week.