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Feed Grains: South African corn shortfall remains

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Published: June 29, 2016

By Commodity News Service Canada

WINNIPEG, June 29 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, June 29.

– CBOT corn futures finished 10 to 12 cents per bushel lower Wednesday due to profit-taking ahead of tomorrow’s USDA grain stocks and acreage report. The most-active December contract was US$3.83 a bushel. Favourable weather in the US corn belt also weighed on values.

– Officials in Wyoming say stripe rust is evident in some of the state’s wheat crop.

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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…

– Turkmenistan has harvested 1 million tonnes of wheat so far this year, according to the government.

– Egypt has enough strategic reserves of wheat to last until mid-January 2017, according to the country’s supply minister.

– South Africa’s corn crop is expected to come in at 7.16 million tonnes, according to the country’s national assessment committee. That is about the same number as the previous estimate but well short of the previous year. The country is expected to import a total of 3.8 million tonnes to make up for the shortfall.

– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$205-$208 per tonne range as of June 24, which was slightly stronger from the week before, according to provincial reports. Feed wheat prices were in the C$230 to C$235 range as the price range narrowed from the previous week.

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