By Commodity News Service Canada
WINNIPEG, Feb. 14 (CNS Canada) – Given rising tensions between the United States and Mexico, a Mexican senator is set to introduce a bill that would ban imports of US corn.
Mexico is a major buyer of US corn, but the bill would see the country turn to Brazil and Argentina to meet its needs in the future.
Brazil’s Conab pegged the country’s second corn crop at 58.5 million tonnes in its latest report. That would be up by roughly 44 per cent from the previous year.
Chicago Board of Trade corn futures posted small losses on Tuesday, as speculative profit-taking and the large South American crop prospects weighed on values.
Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$152 to C$165 per tonne range as of February 10, which were down slightly compared to the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were also down, at C$175 to C$183 per tonne in Lethbridge.
