By Commodity News Service Canada
WINNIPEG, Aug. 3 (CNS Canada) – Chicago corn fell for the September, December and March contracts today with settlements at US$3.63.5 for September (down 1.5 cents U.S.), US$3.77.75 for December (down 1.25 cents U.S.) and US$3.89.75 for March (down 1.25 cents U.S.)
Brazil’s corn crop is proving to be huge and a lack of storage is compounding problems. Large piles are being stored in the open air as bins and other storage facilities fill up. Brazil is a top producer of corn worldwide and a large crop there is bound to pull down prices, if it avoids too much spoilage. Muddy roads were also hampering transportation. Brazil’s production for 2016-17 is expected to reach a record 97 million tonnes, said the U.S. Department of Agriculture, although the crop that has yet to be collected from the 2016 harvest may yet pass that estimate.
Read Also
Canadian Financial Close: Loonie, crude oil rise higher
Glacier FarmMedia – The Canadian dollar maintained its positive momentum on Monday, aided by gains in crude oil and despite a…
CW feed barley offered for sale at Agfinity.com ranged from C$4.15/bu. at Richmound, Sask., and Caroline, Alta., to C$3.05.bu. at Fort Vermilion, Alta. Spring-threshed oats were being offered for C$1.84/bu. at Stony Plain, Alta., and Vegreville, Alta. No. 2 and No 3 oats were offered for between C$3.04/bu. and C$2.29/bu. at various locations. CW feed wheat for sale ranged between C$6.07/bu. at Atmore, and Eckville, Alta., and C$5.39 at Pickardville, Alta.
