Feed Grains: Saskatchewan feed barley bids lurch upwards

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, April 17.
Feed barley prices in Saskatchewan rose 45 cents according to the latest information from the Prairie Ag Hotwire. Prices are now listed at an average price of C$2.60-$3.25 a bushel.
Oat prices in Alberta were holding steady in a range of C$2.31-$3.30 a bushel. Meantime, oat bids in North Dakota inched upwards by two cents to an average price of C$2.07 a bushel.

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Agriculture Canada raised its wheat stocks estimate for the 2016/17 marketing year. The total wheat carryout for 2016/17, which includes durum, other spring wheat, and winter wheat, was pegged at 7.3 million tonnes, which is up from 6.8 million in March, by the government agency’s market analysis division. Wheat stocks at the end of the 2017/18 crop year are projected to be 6.2 million tonnes, which would be up from an earlier estimate of 5.7 million.
According to Tallage SAS, wheat inventories in the European Union are poised to fall to their lowest level in over ten years. Strong demand coupled with a poor harvest has drained stockpiles at a quicker rate than expected.
Chicago Board of Trade corn futures finished three to four cents lower on Monday due to commercial selling. Steady corn exports from South America contributed to the bearish tone.
Feed wheat bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$180 to C$185 per tonne range
as of April 14, which was the same price compared to the previous week, according to the latest pricing information from the provincial government. Feed barley prices were down a dollar at the low end of the range, at C$159 to C$165 per tonne in Lethbridge.