By Commodity News Service Canada
WINNIPEG, Sept. 23 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Friday, September 23.
– CBOT corn futures settled steady to lower on Friday, as seasonal harvest pressure continued to weigh on prices. The December contract was down 0.25 cents at US$3.3650 per bushel.
– China is reportedly introducing new import duties on US distillers dried grains (DDGS) of 33.8 per cent. The country has been a major buyer of the ethanol byproduct in recent years, but the new tariff will effectively stop that business.
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– Corn in France is in poor condition, as farmers there start to harvest the crop, according to reports.
– Canadian farmers delivered 44,700 tonnes of barley into the commercial pipeline during the week ended September 18, according to the latest Canadian Grain Commission data. That was down slightly from the previous week, but total barley deliveries during the crop year to date are still running ahead of the previous year’s pace.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$160 to C$165 per tonne range as of September 16, which was down by as much as C$5 per tonne from the previous week. Feed wheat prices posted similar losses, to range from C$178 to C$190 in Lethbridge.
