By Commodity News Service Canada
WINNIPEG, Apr. 19 (CNS Canada) – Following are a few
highlights in the Canadian and world feed grains markets on
Tuesday, April 19.
– CBOT corn futures finished 4.50 cents higher on Tuesday,
with the July contract at US$3.8950 per bushel. Wet weather has
slowed down the seeding progress of the US corn crop which was
supportive for prices. Light funds covered shorts as well.
– Russia’s Ministry of Agriculture says 3.5 million acres of
land has been seeded with grain crops so far in this year’s
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forecast.
– Indonesia has announced plans to curb imports of feed corn.
The country’s agricultural ministry says it will only accept 1
million tonnes this year as its domestic supply is expected to
be large enough to cover the demand.
– Germany’s wheat crop is expected to decline by 1.7% this
year to 26.1 million tonnes, according to the association of
farm cooperatives.
– The European Union’s total wheat production has been pegged
at 154.9 million tonnes. That is a drop of 3.4% from last year.
– 57% of the US winter wheat crop is in good to excellent
condition, according to numbers from the USDA. That total is 1%
higher than last week’s rating.
– Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$210 to C$215 per tonne range
as of April 15, which was up C$1 to $2 as the week before,
according to provincial reports. Feed wheat prices were in the
C$230 to C$240 range, which saw both the top end and bottom end
expand from the previous week.
