By Commodity News Service Canada
WINNIPEG, Dec. 13 (CNS Canada) – Barley exports out of Russia are running well behind the year-ago pace, according to a report from UkrAgroConsult. The country has exported about 1.7 million tonnes of barley during the first five months of the 2016/17 marketing year, which was the slowest pace in five years.
Grain exports out of the United Kingdom are also running behind the year-ago level, as a smaller crop coupled with rising demand for feed wheat from the poultry sector is reportedly limiting off-shore movement.
Corn futures at the Chicago Board of Trade managed to settle with small gains on Tuesday, as the ongoing strength in crude oil provided some support.
Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$170 to C$175 per tonne range as of December 9, which was relatively steady compared to the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were also steady, at C$189 to C$190 per tonne in Lethbridge.
