Feed Grains: U.S. corn harvest still behind five-year average


By Commodity News Service Canada

Winnipeg, Nov. 7 (CNS) – Following are a few highlights in

the Canadian and world feed grains markets on Tuesday, Nov. 7.

The United States corn harvest is 70 per cent complete,

according to the latest United States Department of Agriculture

crop progress report released Monday. This is well behind the

five-year average of 83 per cent.

Feed barley prices are trading almost on par with lower-

grade milling wheat in Australia, according to The Weekly Times.

Feed barley was up AUD$60 to AUD$70 a tonne from this time last

year. This is due to tight global stocks and interest from

China, which has buoyed barley prices.

Cargill announced Monday it is investing US$240 million in

India over the next five years, according to World-Grain.com.

The investment will add to the food safety and economic

development of the country and benefit the food processing and

agriculture industries, according to Cargill. The investment is

focused on edible oil, cocoa and chocolates, starches and

sweeteners and animal nutrition in India.