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Feed Grains: Indonesia reduces feed wheat imports

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Published: August 4, 2016

By Commodity News Service Canada

WINNIPEG, August 4 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Thursday, August 4.

– CBOT corn futures ended around 4 cents lower on Thursday, due to expectations of cooler weather in the US Midwest. Weekly export sales in the US were somewhat higher than expected.

– The wheat crop in Pakistan’s Sindh province (southeast) is better than expected. The state’s Minister for Food says they are even planning to export supplies to other countries.

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– Currency issues and new polices are expected to cut into Indonesian imports of feed wheat this year, according to a report by ArH Grain-Line. Analysts say the country will likely import just 550,000 tonnes this year, compared to 750,000 tonnes last year. Australia is traditionally the country’s largest supplier.

– Japan plans to import 55,480 tonnes of feed-quality wheat via tender. The country also plants to secure 4,540 tonnes of barley, also for feed use.

– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$185-$195 per tonne range as of July 29, which was C$5 lower than the week before, according to provincial reports. Feed wheat prices were in the C$200 to C$210 range which was up C$8-$10 from the previous week.

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