By Commodity News Service Canada
WINNIPEG, Nov. 8 (CNS Canada) – CORN futures on the Chicago Board of Trade climbed seven to eight cents per bushel on Tuesday due to short covering. Analysts expect Wednesday’s USDA report to slightly reduce estimates for US corn production and inventories. There were also ideas that a win by Hillary Clinton in today’s US election would lower the chance of trade disruptions with China.
Some farmers below the border decided to wait for a hard freeze before trying to harvest corn crops in soggy areas, according to a report in the Brownfield Ag News. The report says corn farmers in Minnesota are 86 percent finished and hoping the current bout of warm weather will enable them to get the rest of the crop off the field.
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Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$170 to C$180 per tonne range as of November 4, which was up one to five dollars from the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were also slightly firmer, ranging from C$188 to C$195 per tonne in Lethbridge.
Agricorp Processing has announced it is moving its headquarters from Vancouver to Moose Jaw in early 2017. Both a purchaser and exporter, the company shipped 1.75 million tonnes of grains, oilseeds and pulses last year.
The Mercaris Organic Acreage Report says organic alfalfa/hay was the leading organic crop grown in the US last year with more than 800,000 acres planted. This was followed by organic wheat at 482,000 acres and then corn at 292,000 acres. The study also showed that organic oats hit a record level of 109,000 acres.
