By Commodity News Service Canada
Winnipeg, June 15 (CNS Canada) – Hot, dry weather continues to raise crop concerns in most of Europe.
Strategie Grains today reduced its estimates for most crops, particularly barley.
It marks another downward revision of crop estimates in countries hit by dry conditions since spring.
While rain in many regions of France, Germany and the United Kingdom improved soft wheat prospects, barley yield potential continued to struggle in Spain, said Strategie Grains in a monthly report.
Barley conditions were also being monitored in northern Italy, and central and Eastern Europe as conditions in those areas turned drier.
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Strategie Grains cut its barley outlook to 58 million tonnes, a 1.6 million tonne drop from estimates in the previously monthly report. That would put it three per cent below last year’s 60 million tonnes.
The reduction is mainly due to lower yield expectations for France, Germany and Spain.
The agency also said the weather was expected to remain dry in most of the European Union’s main corn growing regions.
United States old-crop corn exports last week totaled 600,740 tonnes with new-crop corn falling short of expectations at 13,510 tonnes, according to reports released by the U.S. Department of Agriculture Thursday.
Export demand for corn and soybeans was described as moderate with sales limited due to competition from large South American crops.
U.S.-based Archer Daniels Midlands Co. and Austria-based Anco Animal Nutrition Competence GmbH have reached an agreement to allow ADM to sell Anco’s feed ingredients to ADM customers.
ADM Animal Nutrition has made an equity investment in Anco, but details were unavailable.
Anco is a feed additive company that supplies feed for pigs, poultry and ruminant amimals.
Under the agreement, ADM will expand the regions in which it offers Anco feed products to its clients.
The announcement marks the latest in ADM’s continued push into the feed sector. It bought a controlling interest in an Israeli feed products company last month and in March it built a new feed facility in Xiangtan, China.
ADM also announced plans to purchase operations in Kansas and Illinois to further its forays into the animal and pet food sectors.
Tunisia has issued a tender to buy 25,000 tonnes of feed barley, the agricultural consulting firm UkrAgroConsult said today.
The country’s state grains agency issued the tender for a single consignment for shipment from July 15 to Aug. 5, depending upon origin.
