By Commodity News Service Canada
WINNIPEG, Apr. 7 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Thursday, April 7.
– CBOT corn futures finished two to three cents higher on Thursday, with the May contract at US$3.6150 per bushel. Prices were pressured by lukewarm US export sales data and speculation some farmers may switch out their intended corn acres for soybeans.
– According to the USDA, Minnesota farmers have begun planting oats, however cold temperatures have limited the seeding thus far.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– The next week is expected to be a critical one for the wheat crop in India. According to reports out of the country, farmers in the northern portion of the country are hoping for dry, calm weather, just weeks after thunderstorms and hail ravaged the countryside.
– Surging corn prices for farmers in Brazil are expected to cut into the country’s wheat crop. Corn production is being forecast at 86 million tonnes, which is up from the 85 million tonnes produced in 2015/16, according to the USDA. The 2016/17 wheat area will decrease to 2.20 million hectares which compares to last year’s total of 2.45 million hectares.
– 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.
