Feed Grains: Russia eyes Venezuelan wheat market

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, May 8.
Feed barley bids in Saskatchewan fell 38 cents per pound last week, according to information from The Prairie Ag Hotwire. Prices now range from C$2.75-$2.90 per bushel.
Feed wheat prices in Saskatchewan were down 30 cents last week and are now listed at C$3.05-$3.70 a bushel.
Rain and snow are throwing a wrench in fieldwork for many Saskatchewan producers, according to the province’s latest crop report. Just one percent of the provincial crop is seeded.

The amount of French wheat in good or excellent condition continues to decline. According to FranceAgriMer, the percentage is now listed at 74 per cent, down from 78 per cent a week ago.
Russia plans to start supplying wheat to Venezuela this year, as the South American country grapples with political unrest, financial upheaval and long line-ups for food.
Chicago Board of Trade corn futures fell roughly four cents on Monday as corn export inspections numbers came in below expectations.
Feed wheat bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$185 to C$195 per tonne range
as of May 8, which was five dollars higher compared to the previous week, according to the latest pricing information from the provincial government. Feed barley prices were up two to ten dollars compared to the previous week, at C$170 to C$175 per tonne in Lethbridge.

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