By Commodity News Service Canada
WINNIPEG, Nov. 24 (CNS Canada) – Yields for hard red spring wheat in Saskatchewan were pegged at 45 bushels an acre while barley came in at 48 bushels an acre in the provincial government’s latest crop report. Quality was below average in many cases due to wet conditions, disease and insect problems.
As for prices, feed barley bids in the key cattle feeding area of Lethbridge, Alberta were estimated at C$165 per tonne, according to an official with Market Place Commodities in Lethbridge. Feed wheat was pegged at C$155 per tonne.
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Export prices for Russian wheat could hit their highest point in January of 2017, according to the country’s Deputy Director of strategic management. In a report on apk-inform.com, Igor Pavensky said the prices for wheat with 12.5% protein are projected to reach between US$186-$190 in January. That compares to a projected price of US$181 per tonne in December. He adds prices should start declining in February due to expected arrivals of wheat from Argentina and Australia.
Mexican white corn has become a staple of South African imports in 2017. Due to a poor harvest, South Africa has been forced to boost imports of the grain. Since the beginning of May the country has imported 517,000 tonnes of corn from Mexico.
Wheat exports from Argentina hit 7.8 million tonnes during the first nine months of 2017, according to government data.
