By Commodity News Service Canada
WINNIPEG, June 12 (CNS Canada) – Forecasters have Ukraine corn exports increasing to 19 million tonnes for 2016-17, which is 14.3 per cent more than the same period last year.
From September through April, Ukraine exported 15.53 million tonnes. That puts it 1.27 million tonnes ahead of the pace set last year, said UkrAgroConsult.
Worldwide, the harvest for the present corn crop is expected to decline 3.3 per cent to 1.032 billion tonnes, according to United States Department of Agriculture estimates.
The decline is due to lower output in the U.S. Brazil, South Africa and Canada.
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The global demand for imports is expected to grow by 5.6 per cent compared to last year to 145.8 million tonnes, due to lower available barley stocks, said UkrAgroConsult.
Here is a sample of current feed grain prices posted at Agfinity.com (price per tonne):
– CW Feed Barley; Calgary June 1-July 15 delivery C$174.73
– Feed faba beans; FOB Dauphin, Man., June 20-July 15 C$189.89
– #2 CWSWS wheat; FOB Goodsoil, Sask., June 16-July 31 C$186.22
– #2 CS Oats; FOB Grovedale, Alta., June 14-June 29 C$177.57
Corn settled June 20 at US$3.70 for the July contract, down 5.25 cents from the previous day’s close at US$3.7525. Volume was 182,300.
