Feed Grains: NAFTA renegotiation process underway

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By Commodity News Service Canada


WINNIPEG, May 18 (CNS Canada) – The US government formerly began the process for renegotiating the North American Free Trade Agreement (NAFTA) with Canada and Mexico, as US Trade Representative Robert Lighthizer sent setters to Congressional leaders. The move has set the stage for a 90-day consultation period before negotiations would start.


Russia’s spring grain crops are 46.7 per cent seeded, according to a report from UkrAgroConsult, which is slightly behind the previous year’s pace.


Chicago Board of Trade corn futures were weaker on Thursday, as a selloff in soybeans spilled over to weigh on prices.


Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$170 to C$175 per tonne range as of May 12, which were steady compared to the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were up slightly, at C$187 to C$196 per tonne in Lethbridge.