By Commodity News Service Canada
WINNIPEG, May. 17 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, May 17.
– CBOT corn futures finished 3 cents higher on Tuesday, with the July contract at US$3.9700 per bushel, following gains in crude oil. Weakness in the US dollar added to the upside.
– The USDA projected that domestic corn stocks would rise to 2.153 billion bushels by the end of 2016/17.
– According to new numbers from Argentina’s Food Inspection Agency, the country’s exported 3.13 million tonnes of grain in the first quarter of 2016. That compares to 1.53 million a year earlier.
Read Also
Canadian Financial Close: Loonie holds steady
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar remained firm on Monday following modest increases in…
– A farmer in New Zealand recently imported some century-old wheat grains from an Australian gene bank, according to a report in nzherald.co.nz, in a bid to establish more varieties throughout the country.
– The global trade of all grains and oilseeds has grown by about 150 million tonnes over the last five years, according to a new report by Rabobank.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$216.50 to C$218 per tonne range as of May 13, which was up slightly from the week before, according to provincial reports. Feed wheat prices were in the C$235 to C$237 range, which were one to three dollars more than the week before.
