By Commodity News Service Canada
WINNIPEG, Dec. 8 (CNS Canada) – CORN futures on the Chicago Board of Trade fell three to four cents per bushel lower on Thursday, as speculation grew the USDA would hike its estimate for US corn stockpiles in its Friday supply and demand report. Spillover losses in soybeans contributed to the declines.
Prairie oats rose overnight in parts of the Prairies. According to the Prairie Ag Hotwire, bids rose 14 cents per pound in Saskatchewan, five cents in Manitoba and hung steady in Alberta. A bushel is now going for C$2.85 in Saskatchewan, C$3.17 in Manitoba and C$3.30 in Alberta.
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Farmers in Nebraska are concerned about damage to this year’s winter wheat crop. A lack of snow is raising fears cold temperatures could damage the crop. According to a story on The Fence Post, many areas saw only a half-inch of moisture during the fall. To make matters worse, some of the wheat is showing signs of rust.
The harvest in Brazil’s main wheat-growing region of Parana has wrapped up. According to government data, 3.38 million tonnes of wheat was harvested.
Wheat exports from Kazakhstan are on the increase. According to UkrAgroConsulta data, the country shipped out 452,800 tonnes of wheat in October. That is 40 percent more than in 2015.
Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$170 to C$175 per tonne range
as of December 2, which was the same as the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were roughly the same, coming in at C$190 per tonne in Lethbridge.
