By Commodity News Service Canada
WINNIPEG, Apr. 5 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, April 5.
– CBOT corn futures finished two cents higher on Tuesday, with the May contract at US$3.5675 per bushel. Values trended higher as ideas grew that corn planting in the US may not be as high as predicted last week by the USDA. Wet weather is fueling speculation that some producers may switch to soybeans instead, according to a report.
Read Also
Feed Grains: Iowa Corn Growers President urges U.S. not to leave NAFTA
By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– The impact of cold weather on winter wheat crops in the US Midwest is mounting. According to a report in the Topeka Metro News, healthy green heads of wheat have begun turning white in certain areas, indicating frost damage.
– Corn processors in China could be breathing a sigh of relief now that the government has announced plans to scrap its corn stockpiling program. The secretary general of the China Corn Starch Association says he expects that production will rise now that corn prices in the country are expected to decline.
– A report in The Financial says 1.5 million hectares of spring grains have been planted in Ukraine. That is less than last year at the same time, when 1.54 million hectares was sown.
– Lithuania’s total grain exports rose 48% in February of this year, compared to last, according to numbers from the country’s Agricultural Information and Rural Business Center.
– Drought in eastern Australia could force some producers to plant wheat in dry land, according to a report. According to a report in agprofessional.com, one farmer west of Sydney said he would be in real trouble if rain didn’t fall by the end of April.
– 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.
