By Commodity News Service Canada
WINNIPEG, Jan. 12 (CNS Canada) – CORN futures in Chicago ended one cent higher on Thursday after the release of a supply and demand report from the USDA. The agency pegged US corn stockpiles at the beginning of December to hit a record 12.4 billion bushels, which was lower than what some analysts had been expecting. The USDA lowered feed and residual use estimates to 50 million bushels, which limited advances.
A marketing specialist from the North Dakota Wheat Commission says despite the large volumes of wheat in the world, growers of hard red wheat can still expect to get good prices due to a shortage of high-quality wheat. Speaking at the two-day Roundup farm show in Devils Lake, Erica Olson told attendees the supply of high-quality wheat is generally expected to tighten further leaving hard red spring wheat in a better position than other types, according to a report on agweek.com.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
The month of November was a bullish one for Russian corn dealers. The country moved its largest volume of corn ever, shipping out 860,000 tonnes. That was up more than 83 per cent from November 2015, according to a report from UKrAgroConsult. The European Union and Iran remain the top buyers of Russian corn, taking in 22 per cent and 21 per cent respectively.
Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$165 to C$170 per tonne range
as of January 6, according to the latest pricing information from the provincial government. Feed wheat prices were somewhat higher, coming in at approximately C$185 per tonne.
