By Commodity News Service Canada
WINNIPEG, July 25 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Monday, July 25.
– Canada exported 10,800 tonnes of barley for the week ending July 17, according to the Canadian Grain Commission.
– China has been focusing on Australia for old crop feed barley over the last couple of months, providing some short-term support for prices, according to reports. Australian feed barley prices have been weaker over the last month but are expected to increase.
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– Britain exported 2.57 million tonnes of wheat in the 11 months from July 2015 to May 2016, the biggest numbers since 2008-09, according to reports. Overseas sales of barley for the same period were the highest they’ve been in 20 years at 1.89 million tonnes. Exports are expected to continue growing, increasing by an estimated 3.4 per cent in 2017.
– There is uncertainty over how much feed wheat will be produced from quality damaged crops in France and Germany, according to reports. French wheat has been rated in especially poor condition, both in terms of yield and crop quality. Quality issues usually mean greater proportion of wheat being sold as feed.
– Feed wheat in Saskatchewan dropped 25 cents, with top prices settling at C$5.15 per bushel, according to Prairie Ag Hotwire. Top prices in Manitoba and Alberta remained steady at C$4.50 and C$6.12 per bushel.
