By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, December 7.
– CBOT corn futures were lower on Monday, losing 8.5 US cents in the March contract to settle at US$3.73 per bushel.
– The World Trade Organization has released its ruling on how much Canada and Mexico will be able to claim in retaliatory tariffs from the US over country-of-origin labeling (COOL) laws. While Canada had claimed damages of about C$3 billion, the WTO panel ruled that the tariffs will be worth C$1.055 billion.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– Canada’s 2015/16 barley crop was pegged at 8.2 million tonnes by Statistics Canada on December 4. That was well above average trade guesses and the previous year’s level of 7.1 million.
– The US exported 1.03 million tonnes of distillers dried grains (DDGS) in October, a 7% decline from the previous month, according to updated government data. China remained the largest customer for the renewable fuel byproduct, although their purchases were also down by 24% from September.
– US feed grain supplies are at a greater risk of mycotoxins this year, due to adverse growing conditions and resulting irregularities in plant growth, according to analysis conducted by Alltech.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$215 to C$223 per tonne area as of December 4, according to provincial reports. Feed wheat prices are in the C$223 to C$233 range. The average bids for both grains were relatively steady compared to the previous week.
