Feed Grains: Russian grain stocks well ahead of year ago

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Published: March 29, 2017

By Commodity News Service Canada

WINNIPEG, March 29 (CNS Canada) – Russian grain stocks as of March 1, 2017, of 32 million tonnes are up 14 per cent from the same time the previous year, according to a report from UkrAgroConsult. Wheat and barley stocks were up by 17.5 per cent and 8.8 per cent respectively. However, corn stocks fell 25 per cent, to come in at 1.45 million tonnes.

Mexico is in the process of working out free trade agreements with Brazil and Argentina in an effort to move away from buying US corn, according to reports. The US currently accounts for nearly all of Mexico’s corn imports, but a trade dispute between the two countries has Mexico looking to alternatives.

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