Feed Grains: Brazilian ethanol use to rise

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, Dec. 13.
Prices for feed wheat in Saskatchewan fell 20 cents, according to the latest information from the Prairie Ag Hotwire. Bids are listed as C$3.90 to C$4.80 per bushel.
Oat prices in Alberta rose eight cents over the past week. Bids are priced at C$2.40 to C$3.24 per bushel.
Feed barley bids in the key cattle feeding area of Lethbridge, Alberta held steady during the week ended Dec. 8 to range from C$220 to C$225 per tonne, according to the latest pricing information from the provincial government. Feed wheat prices were down by five dollars on the top end, to also range from C$220 to C$225 per tonne in Lethbridge.

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Corn futures at the Chicago Board of Trade rose one cent on Wednesday, as traders covered short positions. There are expectations that Brazil’s demand for ethanol will increase after a bill was tabled proposing increased use of bio-fuel throughout the country.
Prices for corn in North Dakota fell six cents over the past week to C$3.19 to C$3.64 a bushel.
Feedlots in southern Alberta are receiving a lot of corn from Manitoba these days. Allen Pirness of Marketplace Commodities says line companies are using their own elevator system to load train cars with corn and ship it westward. That is putting some pressure on feed barley and feed wheat.
According to a report by UkrAgroConsult, approximately 80 per cent of the wheat crop in Argentina has been harvested.
Brazil’s national supply company Conab estimates that total grain production in the country will fall to 237.7 million tonnes. That is down 4.7 per cent from last year.

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