By Commodity News Service Canada
Winnipeg, March 31 – Following are a few highlights in the Canadian and world feed grains markets on Thursday, March 31.
– China will be stopping its corn stockpiling program, which is adding a bearish tone into the global feed grain market, analysts say. Traders are concerned about reduced demand amid heavy global supplies.
– Corn futures at the Chicago Board of Trade shed about seven to sixteen cents per bushel on Thursday, as data from the United States Department of Agriculture showed increased seeding and stockpiles.
– Some traders will not be importing feed grains to Odisha, a state in India, starting April 1 due to disagreements about value-added taxes.
– Delivered elevator prices for feed barley range from C$3.32 to C$3.63 per bushel in Saskatchewan, C$3.38 to C$4.00 in Manitoba, and C$3.35 to C$4.57 in Alberta, according to Prairie Ag Hotwire.
– Japan’s Ministry of Agriculture said it is seeking 120,000 metric tonnes of feed wheat, according to reports.
