By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian
and world feed grains markets on Wednesday, March 8.
Prices for feed barley in North Dakota fell 10 cents
overnight, according to the Prairie Ag Hotwire. Bids are now
going for C$2.28-$2.55 a bushel.
Consulting Agency AgRural pegs Brazil’s summer corn
production (February and March) at 29.3 million tonnes, which
compares to their previous estimate of 29.1 million tonnes.
According to UKrAgroConsult, wheat production in the
European Union will increase by 6.5 percent this year. A lot of
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…
which were plagued by wet conditions last year.
According to the Russia & India Report, Russian wheat
companies will likely quit shipping wheat to India over a new
rule. India wants all companies to fumigate their cargoes with
methyl bromide. The measure has not gone over well as the
fungicide is banned in Russia as well as other grain-exporting
nations like France, Canada and Ukraine. The managing director
of SoyEcon, Andrey Sizov, told reporters, “it is highly likely
Russian companies will simply stop supplying wheat to India.”
Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$152 to C$162 per tonne range
as of March 3, which was roughly two dollars weaker compared to
the previous week, according to the latest pricing information
from the provincial government. Feed wheat prices were the same
as the previous week, coming in at C$170 to C$180 per tonne in
Lethbridge.
Corn futures at the Chicago Board of Trade fell by three
cents per bushel Wednesday as traders positioned themselves
ahead of Thursday’s USDA report. The spread of bird flu in the
US also increased speculation of falling demand for livestock
feed.
