By Commodity News Service Canada
WINNIPEG, Jan. 10 (CNS Canada) – Canadian farmers grew a smaller barley crop in 2017 compared to the previous year, as yields and seeded area were both down, but the quality was good, according to the recently released quality report from the Canadian Grain Commission.
“Overall, the dry growing season in 2017 resulted in ample supply of excellent malt-quality barley with slightly lower-than-average protein levels, and heavier and plumper kernels compared with the 10-year average values,” said the CGC report.
Japan’s Ministry of Agriculture bought only 1,510 tonnes of feed wheat in its latest simultaneous buy and sell (SBS) auction. The ministry had been looking to purchase 120,000 to 200,000 tonnes.
Corn futures at the Chicago Board of Trade held steady on Wednesday, lacking any real direction as participants were busy squaring positions ahead of a number of reports from the United States Department of Agriculture on Jan. 12.
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.