By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian
and world feed grains markets on Wednesday, December 16.
– CBOT corn futures settled 6 to 7 cents per bushel lower on Wednesday, as losses in crude oil along with strength in the US dollar weighed down prices.
– One of Brazil’s prime corn-growing regions could see a significant decline, according to an industry-watcher. IMEA projects corn production in the Mato Grosso region to be 8.2% lower in 2015/16. Climate problems are cited as the reason for the decline.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– The Association of Irish Farmers is calling on the government to help clean up flooded wheat fields and other agricultural lands. The group’s vice-president told reporters many fields are underwater as a result of a recent large storm, dubbed “Desmond”, that swept through much of the country. Tim O’Leary wants banks to show flexibility with loans and other measures producers may need to access to deal with the crisis.
– Wheat from the European Union is becoming less competitive with wheat from the Black Sea region. According to data from SovEcon, Russian wheat for loading fell to US$193 per metric tonne last week. At about the same time, the Euro strengthened which was bearish for EU wheat exporters.
– Reports from Mongolia indicate the government has decided to eliminate customs duties on imports of wheat. The decision was reportedly made because Mongolia’s domestic wheat production has fallen by 20%.
– 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 soften slightly from the previous week.
