By Commodity News Service Canada
WINNIPEG, March 2 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, March 2.
– CBOT corn futures held near unchanged on Wednesday, with the May contract up a half cent at US$3.5625 per bushel. ICE Futures Canada barley contracts also saw some light activity, moving down C$5 per tonne in the May contract to settle at C$180 per tonne.
– Japan has decided to pass on its latest weekly tender to purchase feed wheat and barley, as the offers did not meet conditions, said according to the country’s Ministry of Agriculture. The ministry had been looking to buy 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley, according to reports.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
– Ukrainian farmers have planted 50,000 acres of spring barley in the southern part of the country as of March 2, according to a report from the agriculture ministry. Total planted area of spring grains, which includes corn and barley, is forecast to hit 7.5 million hectares – which would be in line with the 2015 seedings.
– Corn exports out of Brazil are starting to slow down, according to reports, as newly harvested soybeans move into export positions and displace corn at the ports, according to reports.
– France’s AGPM is forecasting a 6% decline in the country’s corn area this year, to 1.5 million hectares, with some area shifting to wheat instead.
– Officials with South Africa’s Grains SA say the 7.2 million tonne official government estimate on the size of the country’s maize crop is ‘optimistic,’ with actual production likely much smaller due to drought conditions. The country grew just under 10 million tonnes of maize the previous year.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$210 to C$214 per tonne area as of February 26, which was up by one to five dollars compared to the previous week, according to provincial reports. Feed wheat prices were in the C$225 to C$235 range, which was down by three to five dollars.
