By Commodity News Service Canada
WINNIPEG, Nov. 16 (CNS Canada) – Large feed grain supplies are expected to keep prices under pressure in Western Canada this winter, but quality will still be an issue even in the feed market.
Larger-than-normal disease issues mean that farmers with wheat and durum with high vomitoxin levels will be looking to dump more grain into the feed sector, according to industry participants.
Corn futures at the Chicago Board of Trade were down on Wednesday, as a stronger tone in the US dollar weighed on values.
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Looking to the international markets, farmers in Ukraine are nearly finished bringing in this year’s grain crop, with total production ahead of the year ago level, according to reports.
Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$172 to C$180 per tonne range as of November 11, which was relatively steady compared to the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were off slightly, to range from C$188 to C$190 per tonne in Lethbridge.
