By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian
and world feed grains markets on Wednesday, January 13.
– CBOT corn futures were up slightly on Wednesday, as the market continued to enjoy support from yesterday’s USDA report. The most active March contract was up one and a half cents at US$3.5800 per bushel.
– India’s federal cabinet has voted in a new crop insurance program for the country’s farmers. The move was sparked after below-normal and unseasonal rains negatively impacted the annual wheat crop.
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– Concerns over quality have prompted some Brazilian grain merchants to refuse shipments of domestic wheat in favour of Argentine supplies instead, according to the country’s Conab crop bureau.
– A virus is wiping out much of Tanzania’s corn harvest, according to reports out of the country. Producers in seven different regions could suffer losses in the 70 percent range. The disease reportedly turns leaves white and is spread by grasshoppers.
– French wheat exports are expected to decline this year due to large world supplies, according to the official FranceAgriMer crop bureau. The agency says the country’s wheat inventories could hit 5.78 million tonnes which would be a historically high level.
– Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$205 to C$214 per tonne
Feed wheat prices were in the C$220 to C$232 range. Both sets of prices are down a few dollars from the previous reporting period of December 18.
