By Commodity News Service Canada
WINNIPEG, June 3 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Friday, June 3.
– In Buenos Aires, Argentina, transportation costs for grains and cereals are set to rise by 23% after the government agreed to the increase, according to AgroSouth News.
– In Ukraine, 98% of the forecasted 7.1 million hectares have been seeded. That compares to last year’s total of 6.7 million hectares, according to apk-inform.
– Zambia is considering releasing corn domestically in a bid to stabilize mealie-meal prices, according to a report on the Zambia Daily Mail.
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– Asian feed mills are snapping up imports of wheat, according to various reports. It seems some countries are having trouble getting their hands on corn due to the supply slowdown in Brazil.
– The Brazilian government is hearing more requests for road improvements to improve grain transportation, according to a report in News CNA. The National Department of Transport Infrastructure says 12% of the country’s road network is paved, but 60% of that is listed in fair, poor or very poor condition.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$212 to C$215 per tonne range as of May 27, which was down slightly from the week before, according to provincial reports. Feed wheat prices were in the C$235 to C$240 range, which were slightly firmer than the week before.
