By Commodity News Service Canada
WINNIPEG, June 28 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, June 28.
– CBOT corn futures finished relatively flat Tuesday, with losses of half a cent in a few of the deferred values. Forecasts calling for favourable crop conditions weighed on prices. However, strength in crude oil helped offset the losses.
– The harvest in Kansas is proceeding along smoothly, according to officials with the Kansas Wheat Commission. Yields are roughly averaging 50 bushels an acre.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– The weather in Iowa has been extreme as of late, which has played havoc with some of the state’s feed crops. Corn leaves were already curling from a lack of moisture when heavy rains and isolated hail arrived last week. According to the USDA, some corn is now in the silking stage with 79 percent of the crop rated good to excellent. The second cut of alfalfa is already underway and three-quarters of the hay is rated good to excellent.
– Argentina is already planning to boost corn acreage by 20% in 2016/17, according to UKAgroConsult.
– According to Strategie Grains, the European Union is expected to produce 146.7 million tonnes of wheat this year. That forecast is in line with last month’s prediction and compares to last year’s record of 151 million tonnes.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$205-$208 per tonne range as of June 24, which was slightly stronger from the week before, according to provincial reports. Feed wheat prices were in the C$230 to C$235 range as the price range narrowed from the previous week.
