By Commodity News Service Canada
WINNIPEG, March 15 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, March 15.
– CBOT corn futures held steady on Tuesday, with the May contract down 0.25 US cents at US$3.6850 per bushel.
– The European Commission is forecasting grain exports from the region in 2016 at about 44 million tonnes, which would be down by 8 million from the previous year. Of the total, soft wheat exports are expected to be down by 2.2 million tonnes, barley by 1.7 million, and corn by 2.0 million.
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– Russian farmers are seeding more corn and soybeans, with a goal of competing with South America into the Asian markets, according to the president of the Russian Grain Union.
– US farmers are moving forward with early corn seeding, despite weather delays in some cases. Farmers in Texas have reportedly seeded 20% of their intended corn acres, which was in line with the average pace of 22% done for this time of year.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$205 to C$212 per tonne area as of March 11, which was steady compared to the previous week, according to provincial reports. Feed wheat prices were in the C$228 to C$232 range, which was down by three dollars on the top end.
