By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian
and world feed grains markets on Tuesday, January 12.
– Corn futures at the Chicago Board of Trade saw limited movement Tuesday morning, sitting mostly unchanged to half a US cent lower, as traders positioned ahead of key reports from the United States Department of Agriculture.
– Delivered elevator prices for feed barley range from C$3.40 to C$3.64 per bushel in Saskatchewan, C$3.40 to C$3.64 in Manitoba, and C$3.40 to C$4.57 in Alberta, according to Prairie Ag Hotwire.
– Brazil’s domestic wheat crop is poor quality, and the country is waiting for supplies from Argentina. Brazilian industry group, Conab, has said mills in the top producing state of Parana were not buying wheat.
– China’s Ministry of Commerce (MOC) has launched probe into an animal feed ingredient, distiller’s dried grains (DDGS). The MOC said in a statement that US DDGS were hurting China’s domestic industry by being sold cheaper than normal.
