By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian
and world feed grains markets on Thursday, December 17.
– CBOT corn futures settled 5 cents per bushel higher on Thursday, as speculators covered short positions, and the weather in South America was bullish.
– According to a report from Bakeryandsnacks.com there are no signs Turkish imports of Russian wheat have slowed down. Some analysts assumed Russia might stop exporting wheat to Turkey after Turkish fighters shot down a Russian jet. However, analysts from Mintec told the website no slowdown had happened yet. At the same time analysts did say France appeared poised to swoop in as a replacement, should Russian exports decline.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– A new report suggests Ukraine may export as much as 70 million tonnes of grain in 2020, with the total overall harvest possibly reaching 100 MMT. Ukraine’s Agriculture Ministry told its government about the potential massive harvest in a briefing, according to a report by UKagroconsult.
– Indonesia is reportedly on the hunt for 600 thousand tonnes of corn. Typically, Indonesia buys its corn from Argentina and Brazil through private companies. However the government suspended the issuance of permits at the end of July and appears poised to secure the transaction using its own state importer.
– According to the US Grains Council, corn prices in India have stabilized, both in future and spot markets, over the past two weeks as planting has begun in Bihar, while arrivals have been reported in Karnataka.
– Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$215 to C$220 per tonne
area as of December 11, according to provincial reports. Feed
wheat prices are in the C$222 to C$230 range. The bids for both commodities had softened slightly from the previous week.
