By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, July 17.
Bids for feed barley in Saskatchewan are up 20 cents during the past week, according to the latest information from the Prairie Ag Hotwire. Prices are listed at C$2.80 to C$3.30 per bushel.
Prices for oats in Manitoba are up 12 cents, according to the Hotwire. Prices are listed at C$2.56 to C$3.20 per bushel.
Oat prices in North Dakota are up 10 cents to C$2.74 a bushel.
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Wheat fields in North Dakota could be facing some of the worst conditions in decades, according to the US Drought Monitor. The latest map shows virtually all of western North Dakota locked in the grip of a severe or extreme drought. The rest of the state is either abnormally dry or in a moderate drought. Almost three-quarters of the state’s pastureland is rated in poor or very poor condition.
A report in The Great Falls Tribune says eastern Montana is bracing for more severe heat, even as crops wither away and livestock fight heat stress. Some call it the worst drought in three decades.
Chicago Board of Trade corn futures declined one cent on Monday. The market felt some pressure from forecasts calling for showers in key sections of the US Corn Belt. As well, China’s auction of its state corn supply last week has pushed more supplies onto the market, which was bearish. Argentina has finished 72 percent of its harvest, which is well ahead of last year’s figure of just 57 percent at the same time.
Feed wheat bids in the key cattle feeding area of Lethbridge, Alberta were in the C$210 to C$240 per tonne range as of July 17, which was eight dollars higher at the top end compared to the previous week, according to the latest pricing information from the provincial government. Feed barley prices were roughly 15 dollars higher overall, at C$199 to C$212 per tonne in Lethbridge.
