By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian
and world feed grains markets on Tuesday, December 15.
– CBOT corn futures settled lower on Tuesday, as investor short-covering ground to a halt. The March contract was down a cent at US$3.7725 per bushel.
– The Rosario Grain Exchange has increased its forecast for Argentina’s wheat crop. The group says the current acreage estimates of 20.2 million acres will almost certainly rise, now that the government of Argentina has said it will cancel duties on grain exports.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– El Nino is expected to take its toll on grain farmers in southern Maranhao, Mexico. Planting of second-crop corn has already been delayed due to soil-dryness while other crops may be derailed entirely, according to a report in CenarioMT.com.br
– Even as commodity prices drop, farmers in Brazil continue to make money, a report in MercoPress said. The local currency has fallen by 29% this year against the American greenback. Total agriculture income will hit 487.3 billion Reasis (US$128 billion) this year, which is roughly a billion more than last year.
– GrainCorp Ltd. has announced plans to increase its presence in Western Canada. In a release, the Australian grain-handler says it’s partnering up with Japanese agricultural cooperative Zen-Noh to operate grain receiving sites across Alberta and Saskatchewan. Construction is set to begin in the second half of next year.
– Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$215 to C$220 per tonne
area as of December 11, according to provincial reports. Feed
wheat prices are in the C$222 to C$230 range. The bids for both commodities had soften slightly from the previous week.
