By Commodity News Service Canada
WINNIPEG, July 7 (CNS Canada) – The United Nation’s Food and Agriculture Organization (FAO) Food Price Index, which tracks international food costs, showed an increase of 1.4 per cent on the month and 7.0 per cent on the year in June. Gains in wheat and meat were cited as key drivers in the rise.
However, in a separate report FAO said total world grain supplies were rising, despite tightening stocks of high protein milling wheat and reduced grain production estimates. The Cereal Supply and Demand Brief pegged world cereal ending stocks for 2017/18 at a record 704.2 million tonnes.
Read Also
Feed Grains: Iowa Corn Growers President urges U.S. not to leave NAFTA
By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
The FAO pegged total world wheat production in 2017/18 at 739.9 million tonnes, which would be down from 760.1 million the previous year. Coarse grain production is forecast at 502.9 million tonnes, up slightly from 499.9 million in 2016/17.
Corn futures at the Chicago Board of Trade were steady to two cents per bushel higher on Friday, as persistent concerns over hot and dry weather across the Midwest provided support.
Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$177 to C$182 per tonne range as of June 30, according to the latest pricing information from the provincial government. Top end feed wheat prices climbed sharply, at C$190 to C$212 per tonne in Lethbridge.
