By Commodity News Service Canada
July 6 (CNS Canada) – Parts of North Dakota, South Dakota and eastern Montana are heading into extreme drought, according to the U.S. Drought Monitor, which has markets worried about corn, soybean and wheat production in the area. Wheat has dominated headlines until now, but corn is about to enter its key growing period through July. Already farmers in South Dakota are reporting shorter than normal corn crops.
The United States Department of Agriculture weekly crop report released July 5, rated 22 per cent of the corn in South Dakota as poor or very poor. In North Dakota, 16 per cent of corn was rated poor or very poor. Montana doesn’t grow enough corn to be included in the statistics.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
Restoration work at the Brighton Dome Corn Exchange in Brighton, England, has uncovered a 200-year-old burial site. It is believed to be from an old Quaker burial ground.
The CBH Group, Australia’s largest grain exporter, and Interflour Group, a network of 10 mills through Southeast Asia, opened a C$90 million malting facility in Cai Mep, Vietnam today. The new facility named Intermalt is expected to source most of its barley from Australia and when fully operational, it will be the largest malting facility in Southeast Asia, capable of producing 110,000 tonnes of malt per year.
Spain may be entering the barley market as dryness has been seen across many of the country’s key growing areas. The European Union’s crop monitoring unit said Spain’s spring barley yields could be at the lowest levels since 2005 at .902 tonnes per acre. Winter barley yields were also expected to be low at .764 tonnes per acre.
Chicago corn at midday was at US$3.9050 per bushel for the July contract, down 1.5 cents U.S.
