Feed Grains: Grain prices hit market floor

By Commodity News Service Canada

WINNIPEG, July 17 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, July 17.

– Grain prices appear to have found a floor as markets maintained the gains made despite last week’s bearish production data, analysts said. Soybean, corn and wheat prices rose on Wednesday, and markets await fresh data on crops.

– Bulgaria has harvested 98 per cent of its wheat crop, according to the Ministry of Agriculture of Bulgaria.

– Winter barley yields in the UK are closing the gap on the five-year average, according to reports. The overall yield average of 9.14 tonnes per hectare is still trending lower than the five-year average, however the shortfall is down to 0.22 tonnes per hectare from the last reported 0.43 tonnes per hectare.

– Feed barley in Western Canada remained steady with top prices of C$2.60 to C$3.96 per bushel, according to Prairie Ag Hotwire. Feed Wheat also remained steady with top prices ranging from C$5.00 to C$5.72 per bushel.

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