By Commodity News Service Canada
WINNIPEG, April 27 (CNS Canada) – Following are a few
highlights in the Canadian and world feed grains markets on
Wednesday, April 27.
– CBOT corn futures were two to four cents weaker on Wednesday, as concerns over excess dryness in Brazil eased with recent rains. The July contract was down 2.50 cents at US$3.8475 per bushel.
– South Korea purchased 24,000 tonnes of US wheat.
– Rains across the Midwest could help wheat yields, according to reports. However, the stronger US dollar was bearish for exports of US wheat.
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– Forward-looking sales of Brazilian grains have ground to a halt due to the likely impeachment of the president, reports say.
– According to UkrAgroConsult, grain exports from Ukraine in the July to June season of 2016-17 will fall by 9.5 per cent to 32.4 million tonnes. This will result in less feed usage too.
– Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$208 to C$218 per tonne
area as of April 22 which was up at the top end but also
down at the low end, according to provincial reports. Feed
wheat prices were in the C$235 to C$240 range, which was
relatively steady.
