By Commodity News Service Canada
WINNIPEG, Oct. 11 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, October 11.
– CBOT corn futures settled higher on Tuesday, as traders covered short positions ahead of Wednesday’s monthly USDA supply/demand report. The December contract was up 2.25 cents at US$3.4550 per bushel.
– Average trade forecasts are calling for a slight reduction in the official US corn production estimate from the last report. Analysts are now pegging the crop at 15.05 billion bushels, which would be down from 15.09 billion in the last report. Yields are expected to go down to 173.4 bushels per acre, from 174.4 bushels per acre.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– Heavy rains in Ukraine may cut into winter grain seedings in the country, with up to 1.2 million acres possibly going unplanted, according to government officials.
– France’s Agrimer raised its estimate on the size of the country’s corn crop to 12.6 million tonnes. While that would be up by 100,000 tonnes from an earlier estimate, it’s still well off the previous year’s level.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$147 to C$165 per tonne range as of October 7, which were unchanged from the previous week, according to the latest pricing information from the provincial government. Feed wheat prices were down by about five dollars on average, to range from C$170 to C$185 in Lethbridge.
