Commodity News Service Canada
WINNIPEG, October 18 (CNS Canada) – Following are a few
highlights in the Canadian and world feed grains markets on
Tuesday, October 18.
– CBOT corn futures chopped around unchanged on Tuesday
before ending slightly lower. Farmer selling put pressure on
values, according to a report. As well, corn prices were at a
three-month high earlier in the week, which encouraged some
farmers to head to market.
– According to the Canadian Grain Commission, Canada has
exported 3.1 million tonnes of wheat during the first ten weeks
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time last season.
– The USDA estimated the US corn harvest was 46 percent
complete in its latest report. That compares to 54 percent a
year ago and the five-year average of 49 percent. Iowa, the
largest corn producing state, is only 33 percent complete.
– Barley production in Ukraine is slightly ahead of last
year’s pace, according to the USDA’s attache in Ukraine. Corn
production is expected to also be higher, perhaps by as much as
10 percent, compared to last year. Increased acreage is cited as
the reason for the increase.
– Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$158 to C$170 per tonne
the previous week. Feed wheat prices were in the C$180 to C$190
range, which was also about C$5-10 higher than the previous
week.
