By Commodity News Service Canada
WINNIPEG, June 27 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Monday, June 27.
– CBOT corn futures finished narrowly mixed on Monday with the most-active December contract settling at US$3.9425 a bushel. Near-term values took strength from strong export demand while some of the more deferred contracts were pressured by favourable weather forecasts and losses in crude oil.
– Russia could export up to 500,000 tonnes of grain to China in 2016, according to the Russian agriculture minister.
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– The wheat harvest in Turkmenistan is on the rise, according to the government’s press service. In 2016, the country’s grain harvest is expected to be 1.6 million tonnes, which is 200,000 tonnes more than last year.
– A declining Brazilian currency has prompted producers to export their remaining stocks of corn, according to a report from the USDA. As a result corn exports from Brazil are up 138 percent from 2015. The country has also been forced to take in more corn imports as its pork and poultry producers struggle to find affordable feed supplies.
– Ukraine shipped 1.4 million tonnes of wheat in May of this year. That was eight percent higher than in April and is a new record.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$205-$208 per tonne range as of June 24, which was slightly stronger from the week before, according to provincial reports. Feed wheat prices were in the C$230 to C$235 range as the price range narrowed from the previous week.
