By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Friday, December 11.
– CBOT corn futures settled lower on Friday, losing four cents in the March contract to settle at US$3.7525 per bushel, as speculative profit-taking, the stronger US dollar, and losses in crude oil all weighed on prices.
– Ukraine has exported 18.7 million tonnes over the first five months of the current crop year (which began July 1), according to a report from the country’s agriculture ministry. The exports included 9.3 million tonnes of wheat, 3.9 million tonnes of barley, and 5.4 million tonnes of corn. The country exported a total of 35 million tonnes in 2014/15 and plans to up that level to 36 million in 2015/16.
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– The US Grains Council released a quality report for sorghum for the first time ever this week, placing 92 per cent of the country’s crop as number 2 or better grade. Total production for the year was estimated at 15.0 million tonnes by the USDA, with over half destined for international markets.
– A 66,000 tonne cargo of barley from the United Kingdom is on its way to Saudi Arabia, according to reports, marking the largest barley shipment out of the UK ever.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$215 to C$223 per tonne area as of December 4, according to provincial reports. Feed wheat prices are in the C$223 to C$233 range.
