Feed Grains: U.S. corn harvest still behind five-year average

By Commodity News Service Canada

Winnipeg, Nov. 7 (CNS) – Following are a few highlights in
the Canadian and world feed grains markets on Tuesday, Nov. 7.

The United States corn harvest is 70 per cent complete,
according to the latest United States Department of Agriculture
crop progress report released Monday. This is well behind the
five-year average of 83 per cent.

Feed barley prices are trading almost on par with lower-
grade milling wheat in Australia, according to The Weekly Times.
Feed barley was up AUD$60 to AUD$70 a tonne from this time last

year. This is due to tight global stocks and interest from
China, which has buoyed barley prices.

Cargill announced Monday it is investing US$240 million in
India over the next five years, according to World-Grain.com.
The investment will add to the food safety and economic
development of the country and benefit the food processing and
agriculture industries, according to Cargill. The investment is
focused on edible oil, cocoa and chocolates, starches and
sweeteners and animal nutrition in India.

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