By Commodity News Service Canada
Winnipeg, Nov. 9 – Following are a few highlights in the Canadian and world feed grains markets on Monday, November 9.
– CBOT corn futures were down on Monday, November 9, with the December contract down 6 cents, at US$3.6625 per bushel, as sharp losses in the neighbouring wheat markets weighed on prices.
– The USDA’s Foreign Agriculture Service has released updated estimates on Canadian grain production. The USDA pegs Canada’s wheat crop at 26.061 million tonnes, which would compare with 29.420 million in 2014. Canada’s barley crop is forecast at 7.610 million tonnes, from 7.119 million the previous year. Canada’s corn crop is pegged at 12.204 million tonnes, up from 11.487 million in 2014. The USDA expects Canadian imports of US corn to decline to 980,000 tonnes in 2015/16, from 1.604 million in 2014/15.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– Canadian farmers delivered 68,200 tonnes of barley into the commercial pipeline during the week ended November 1, according to the latest Canadian Grain Commission data. Total barley exports to date are running about 50,000 tonnes behind the year ago level, at 157,100 tonnes. However, domestic disappearance is running ahead of the year-ago pace during the first three months of the marketing year, with total domestic disappearance pegged at 312,300 tonnes as of November 1.
– China’s recently announced five-year plan includes the expectation that grain demand will rise from 600 million tonnes in 2014 to 700 million in 2020, with much of the difference made up with imports.
– Roughly 25 per cent of Russia’s winter cereal crops are said to be poor shape, according to a report from UkrAgro Consult. That compares with 16 per cent at the same point the previous year and only three per cent in 2013.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$215 to C$220 per tonne area as of November 6, according to provincial reports. Feed wheat prices are in the C$220 to C$230 range. The low end bids for both grains were up from the previous week, while the top end of the ranges held steady.
