Feed Grains: Russian corn harvest rolls on

By Commodity News Service Canada

WINNIPEG, Nov. 10 (CNS Canada) – CORN futures on the Chicago Board of Trade rose two cents per bushel on steady demand from end-users. The market was also correcting itself in the wake of yesterday’s losses.
The Russian corn harvest continues to chug along with the government estimating 14.5 million tonnes has been collected so far. Meanwhile, the USDA bumped up its forecast for world corn production in the 2016/17 season to 1.03 billion tonnes.
A hay industry consultant in Australia says this year’s wet weather has affected hay yields in several areas. Colin Pearce says the stem thickness is higher which suggests the crop is coming in at a higher fibre levels than last year. Yields could hit seven large square bales an acre compared to one bale last year.

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Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$170 to C$180 per tonne range as of November 4, which was up one to five dollars from the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were also slightly firmer, ranging from C$188 to C$195 per tonne in Lethbridge.