By Commodity News Service Canada
WINNIPEG, May 19 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Thursday, May 19.
– CBOT corn futures were down on Thursday, as a rally in the US dollar index weighed on the grain markets. The July contract was down 9.50 cents, at US$3.9000 per bushel.
– Weekly US corn export sales, of roughly two million tonnes (old and new crop combined), were supportive for prices and helped limit the losses.
– France’s Strategie Grains lowered its forecast for European Union soft wheat stocks, but raised its corn supply estimate in a report out Thursday. The group anticipates soft wheat supplies at the end of the current 2015/16 marketing year to come in at 14.7 million tonnes, which would be down by nearly a million tonnes from a previous estimate. Meanwhile, corn ending stocks in the EU are forecast to rise by 1.5 million tonnes, to 8.5 million. Increased wheat usage in livestock rations, at the expense of corn, was cited as a factor in the adjustment.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– Looking ahead to the 2016/17 marketing year, Strategie Grains is forecasting total EU corn production at 62.7 million tonnes. That’s up by 700,000 tonnes from an earlier estimate, but still about nine per cent below the previous year’s crop.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$216.50 to C$218 per tonne range as of May 13, which was up slightly from the week before, according to provincial reports. Feed wheat prices were in the C$235 to C$237 range, which were one to three dollars more than the week before.
