Feed Grains: US to ramp up barley exports to Japan

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, June 19.

Bids for feed barley in Saskatchewan are holding steady, according to the latest information from the Prairie Ag Hotwire. Prices are listed at C$2.80 to C$3.00 per bushel.

Prices for oats in Manitoba are keeping firm, according to the Hotwire. Prices are listed at C$2.97 to C$3.39 per bushel.

In North Dakota, oat bids rose 5 cents and are now listed at C$2.63 a bushel.

Farmers in Kansas are racing to harvest their wheat before rain and possibly hail falls later this week. Dry conditions and some outbreaks of the Wheat Streak Mosaic Virus have cut into yields, according to a report on grainnet.com.

According to the US Grains Council, food barley exports from the US to Japan could grow to 20,000 tonnes in 2017. That is roughly twice the size of the 2016 imports. Food barley exports to Japan are worth twice the average of feed barley according to the council.

Venezuela is expected to receive its first shipment of Russian wheat in August, according to the Russian government.

Chicago Board of Trade corn futures tumbled six to eight cents on Monday. Favourable weather conditions in the US Midwest and the ongoing Chinese auction of its state corn reserves led the declines.

Feed wheat bids in the key cattle feeding area of Lethbridge, Alberta were in the C$190 to C$198 per tonne range as of June 16, which was slightly lower compared to the previous week, according to the latest pricing information from the provincial government. Feed barley prices were roughly the same compared to the previous week, at C$180 to C$183 per tonne in Lethbridge.

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