By Commodity News Service Canada
WINNIPEG, June 8 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, June 8.
– CBOT corn futures were stronger on Wednesday, finding some spillover support from the gains in soybeans. Frost concerns in Brazil also provided support. The July contract was up 3.5 cents at US$4.3125 per bushel.
– Eating barley, or foods containing the grain, can significantly reduce levels of two types of bad cholesterol – low-density lipoprotein (LDL) and non-high-density lipoprotein (non-HDL) – according to research by St. Michael’s Hospital.
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– Concerns over genetically modified organisms (GMOs) are limiting Brazilian imports of US corn, despite a domestic production shortfall, according to reports.
– Russia’s spring grain crops are now 94 per cent seeded, according to a report from the country’s agriculture ministry. Roughly 49.4 million hectares were seeded by June 7, with spring cereals accounting for 30.4 million hectares of the total.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$208 to C$213 per tonne range as of June 6; down by C$2 to C$4 from the previous week, according to provincial reports. Feed wheat prices were in the C$232 to C$235 range, which were down by as C$5 from the previous week.
