By Commodity News Service Canada
WINNIPEG, Feb. 4 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Thursday, February 4.
– CBOT corn futures were weaker on Thursday, with the March contract down 2.50 cents at US$3.6850 per bushel.
– Drought conditions in Morocco are seriously cutting into the country’s cereal harvest projections, causing the North African country’s government to announce nearly US$600 million in subsidies and other assistance to help farmers and importers. Included is a plan to subsidize the production and/or importation of 800,000 tonnes of barley.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– South Africa is facing a similar drought situation, and the USDA’s bureau in the country is now predicting corn imports in the upcoming marketing year (beginning in May) at 3 million tonnes. That would be roughly double the official USDA estimate. South Africa’s own Grain SA is now predicting corn imports of 3.8 million tonnes, which is down from their earlier forecast of 5.0 million.
– Israel tendered to purchase 80,000 tonnes of corn and an additional 18,000 tonnes of wheat, according to reports.
– Chinese demand for sorghum is reportedly declining, as the country has amassed large feed grain supplies over the past year.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$209 to C$215 per tonne area as of January 29, which was unchanged compared to the previous week, according to provincial reports. Feed wheat prices were in the C$222 to C$230 range, which were down slightly from the previous week.
