By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, Jan. 9.
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 Manitoba are keeping firm at C$2.69 to C$3.00 per bushel.
There are fears by growers in Kansas that the recent cold snap in the state may have damaged the winter wheat crop. According to a wheat and forage specialist with K-State Research, dry-soil conditions may have aided in the cold’s impact on the crop. North central Kansas had temperatures of 10 below zero Fahrenheit for up to 10 hours according to a report on USAGNET.com. The state typically grows a fifth of all wheat in the country. About half of that is exported every year.
Feed barley bids in the key cattle feeding area of Lethbridge, Alta. were locked in a range of C$220 to C$225 per tonne, according to the latest pricing information from the provincial government. Feed wheat prices were roughly the same at C$219 to C$225 per tonne.
Corn futures at the Chicago Board of Trade finished one cent higher on Tuesday in technical trading. Brazil’s first corn crop was pegged at 27.7 million tonnes by a private analyst. That was significantly lower than a previous estimate. There are some indications that farmers in the U.S. are preparing to dump more supplies onto the market.