By Commodity News Service Canada
WINNIPEG, May 11 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, May 11.
– CBOT corn futures were down on Wednesday, taking back some of the previous sessions’ gains amid expectations for a large US crop. The July contract was down 3.5 cents, at US$3.7750 per bushel.
– Japan’s Ministry of Agriculture purchased 35,030 tonnes of feed wheat and 14,110 tonnes of feed barley as part of its weekly simultaneous buy and sell auction that closed Wednesday.
Read Also
Canadian Financial Close: Another dip for the loonie
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar slipped a little lower on Wednesday, unable to…
– Citing dryness, Brazil’s Conab has lowered its projection on the size of the country’s corn crop to 52.9 million tonnes. That would be down by 3.1 per cent from the previous year. Other private forecasters have also lowered their Brazilian corn estimates recently.
– Russian grain stocks, as of April 1, were pegged at 23.3 million tonnes by the country’s statistics agency, which was up slightly from the same point the previous year.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$215 to C$218 per tonne area as of May 6, which was steady on the week, according to provincial reports. Feed wheat prices were in the C$236 to C$240 range, which was up by about three dollars on average.
