By Commodity News Service Canada
WINNIPEG, Dec. 6 (CNS Canada) – CORN futures on the Chicago Board of Trade finished one cent higher on Tuesday, as slow selling by US farmers underpinned the market. Chart-based trading and spillover gains in soybeans also lent support.
Statistics Canada released its estimates for grain and oilseed production in Canada this morning. The country’s durum crop is projected to hit 7.8 million tonnes which would be a record. However, the quality is poor and there are ideas much of the crop will be feed. Meanwhile barley is looking to see good production numbers with 8.2 million tonnes expected.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
Prairie oats bids weakened overnight, falling two cents per bushel in Saskatchewan to a range of C$42.41 to $2.66. Bids dropped one cent per bushel in Manitoba to a range of C$2.90 to $3.07, according to the Prairie Ag Hotwire.
Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$170 to C$175 per tonne range
as of December 2, which was the same as the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were roughly the same, coming in at C$190 per tonne in Lethbridge.
Corn crops in the Brazilian state of Parana look to be in exceptional condition. According to ArH Grain-Line, 94 percent of the crop is in good condition while six percent is in satisfactory condition.
In a potential blow to Canada and the US, Venezuela is reportedly preparing to start importing wheat from Russia. North American growers traditionally supply the South American country with the vast majority of their wheat, sending 120,000 tonnes of wheat to the country every month. However, according to a report on the Hellenic Shipping News Russian shipments could begin in the next few months.
