By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Friday, February 24.
Prices for Saskatchewan feed barley felt 10 cents over the past week, according to the Prairie Ag Hotwire. Bids are now going for C$2.24-$2.70 a bushel.
Feed wheat bids in Saskatchewan, and Manitoba fell 10 cents per bushel on the week while bids in Alberta softened by three cents.
The director of grain research at Australia’s department of agriculture says porridge is becoming more popular with Chinese citizens, raising the possibility that oats could see more demand. In an interview with Australia’s state broadcaster, Rob Loughman says China’s growing middle class is becoming more picky about the foods they eat along with their overall dietary pattern. The majority of Australian oats are grown in the western half of the country and prices recently rose to AU$130 (premium grade) a tonne.
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Lethbridge, Alberta were in the C$155 to C$165 per tonne range
as of February 17, which were about two dollars weaker compared to the previous week, according to the latest pricing information from the provincial government. Feed wheat prices were also a dollar or two lower, coming in at C$173 to C$182 per tonne in Lethbridge.
Corn futures at the Chicago Board of Trade fell one cent per bushel to end the week, pressured by recent reports of surging corn production in South America and falling acreage in the US.
