By Commodity News Service Canada
WINNIPEG, Apr. 4 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Monday, April 4.
– CBOT corn futures finished half a cent higher on Monday, with the May contract at US$3.5450 per bushel. Values corrected higher after plunging to a nearly three-month low last week. The gains were tempered by losses in crude oil.
– An economist from Purdue University says US acreage numbers in certain areas may have been over-estimated in the most recent survey. On the university website, agricultural economist Chris Hurt notes that corn plantings are expected to increase in the US corn belt by 1.5 million acres. However, both soybean and wheat acres are also expected to increase which raises some questions about where they’re going.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– According to the USDA, barley stocks in the US (as of March 1) totalled 137 million bushels which is up 16 percent from a year ago.
– A report on blackseagrain.net says so far wheat exports from Russia are 3.5 percent higher on the year (ended March 29) than last.
– Farmers in India’s Punjab province are being advised to stop irrigating their crops. The directive was given by officials after forecasts were issued calling for more rain to the water-soaked region.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$207 to C$215 per tonne range as of April 1, which was slightly higher compared to the previous week, according to provincial reports. Feed wheat prices were in the C$231 to C$240 range, which were C$3 to $5 higher than the previous report.
