Feed Grains: Brazil’s corn crop grows

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Thursday, Jan. 11.
Prices for feed wheat in Saskatchewan are holding steady, according to the latest information from the Prairie Ag Hotwire. Bids are listed as C$4.50 to $4.90 per bushel.
Oat prices in Saskatchewan fell eight cents last week and are going for C$2.33 to C$3.00 per bushel.
Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta held steady during the week ended Jan. 5 to

range from C$220 to C$225 per tonne, according to the latest
pricing information from the provincial government. Feed wheat
prices were also steady in a range from C$219 to C$225 per tonne
in Lethbridge.
Corn futures at the Chicago Board of Trade finished mostly unchanged on Thursday as traders hung on the sidelines, waiting for the release of tomorrow’s USDA supply and demand report. The United States ethanol sector is in a mini-slump right now as higher costs for natural gas, due to the cold weather, have slowed production over the past few weeks. Brazil’s agricultural wing CONAB raised its production forecast for the corn crop in Brazil to 92.3 million tonnes, a slight increase over the previous estimate.
In North Dakota, corn prices fell four cents over the past week, according to the hotwire, and are going for C$3.19 to C$3.69 a bushel.
French wheat exports hit 1.44 million tonnes in November, according to government data. Roughly half of that went to the European Union.
Ukrainian wheat production is expected to hit a four-year low this year, according to UkrAgroConsult. The agency estimated Ukraine’s harvest would hit 25.1 million tonnes, down a million tonnes from last year.

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