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Feed wheat and oat prices weakened in Manitoba as CBOT corn fell on profit-taking and a firmer US dollar. Delivered elevator prices were C$4.40-4.49 per bushel for feed wheat and C$2.90-3.18 for oats.
Reports also noted China planning less corn planting and worsening bird flu culls in South Korea.
Weaker corn futures and a stronger dollar pressure feed grain values for Canadian buyers, while bird flu losses in Asia may support poultry-related feed demand. Overall the price implication is mildly bearish for grains.
producer.comDec 19, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
