By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, December 21.
– CBOT corn futures settled lower on Monday, losing 2.5 cents in the March contract to settle at US$3.7200 per bushel, as the stronger US dollar, losses in crude oil, and expectations for increased exports out of Argentina weighed on prices.
– The US Grains Council recently concluded a trip to Tanzania and South Africa, where it sees the potential to increase US grain exports.
– Farmers in Germany have seeded 5.488 million hectares of grain crops (including wheat, barley, and rye, which was up 0.2% on the year, according to a report from the country’s statistics office.
– Russia and China have signed agreements on grain quality control, which should lead to more Russian exports to the Asian country.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$215 to C$217 per tonne area as of December 18, according to provincial reports. Feed wheat prices are in the C$226 to C$230 range.
