Feed Grains: EU wheat exports to rise slightly

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Published: January 25, 2016

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, January 25.

– CBOT corn futures ended close to unchanged Monday, with the March contract down half a cent at US$3.6975 per bushel as values felt some pressure from crude oil losses.

– Winter wheat plantings in South Dakota are down. The USDA pegs South Dakota’s 2015 crop at 1.1 million acres which compares to 1.4 million the previous year. Across the USA, this year’s winter wheat crop (2015) is estimated to be 36.6 million acres, which is roughly three million acres less than last year.

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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…

– Roughly 90 percent of Russia’s winter crop is estimated to be in good or satisfactory condition, according to the country’s Ministry of Natural Resources and Ecology. The proclamation comes despite recent worries over a lack of snow in areas beset by cold temperatures.

– The International Grains Council has pegged grain production in Kazakhstan in 2015-16 at 17.3 million tonnes which is the same as the previous forecast.

– Wheat exports from the European Union are expected to rise next season according to a new forecast from Strategie Grains. The agency pegs soft wheat exports in 2016-17 to hit 28.9 million tonnes. That is 800,000 more than the previous forecast.

– Feed barley bids in the key cattle feeding area of

Lethbridge, Alberta were in the C$209 to C$214 per tonne
area as of January 22, which was relatively unchanged compared to the previous week, according to provincial reports. Feed wheat prices were in the C$222.50 to C$232 range, which were slightly higher.

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