Commodity News Service Canada
WINNIPEG, October 20 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Thursday, October 20.
– CBOT corn futures weakened six to seven cents a
bushel due to strong exports and good harvest weather in the US
Midwest. Weekly export sales in the US were above a million tonnes, which exceeded what most analysts had been expecting.
– This year’s winter wheat harvest in Colorado appears to be the biggest in over five years. According to the United States Department of Agriculture, total production in the state reached 105.12 million bushels. That compares to 105.75 in 2010.
Read Also
Canadian Financial Close: Loonie returns above 72 U.S. cents
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar on Friday finally turned around to close higher,…
– Farmers in Wyoming are expected to harvest 560,000 tonnes of alfalfa this year, based on data collected by the USDA. Yields are estimated to be 2.5 tonnes per acre.
– According to a report from the USDA’s agricultural attache in Russia, barley production in the country is expected to rise. The attache pegs this year’s crop at 18 million tonnes, which is up 300,000 tonnes from the previous forecast.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$158 to C$170 per tonne
range as of October 17, which were roughly C$5-10 higher than the previous week. Feed wheat prices were in the C$180 to C$190 range, which was also about C$5-10 higher than the previous week.
