By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian
and world feed grains markets on Tuesday, May 23.
Prices for oats in Alberta rose 39 cents, according to the
latest data from the Prairie Ag Hotwire. Prices are going for
$2.40 to $3.62 per bushel.
Corn planting in the US is proceeding at a slightly-faster
pace than expected. According to the USDA, 84 percent of the
country’s corn crop has been planted, which exceeded analysts’
estimates. However, excess moisture in parts of the eastern corn
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The wheat crop in Kansas is facing a new threat. According
to the Kansas Wheat Commission, wheat streak mosaic virus has
been spotted in some fields. The disease can cause yield losses
of up to 50 percent in the fall.
Chicago Board of Trade corn futures lost three to five
cents per bushel on Tuesday due to the rapid planting progress
in the US. On the international front, China’s ethanol exports
rose 18 percent during the month of April, which was also
bearish.
Feed wheat bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$193 to C$201 per tonne range
as of May 19, which was roughly five dollars less compared to
the previous week, according to the latest pricing information
from the provincial government. Feed barley prices were up five
to seven dollars compared to the previous week, at C$177 to
C$180 per tonne in Lethbridge.
