By Commodity News Service Canada
WINNIPEG, August 22 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Monday, August 22.
– CBOT corn futures ended around one cent lower on Monday, due to favourable weather forecasts in the US Midwest.
– According to the United States Department of Agriculture, 95 per cent of the hard red wheat harvest is complete in North Dakota and 99 percent complete in Montana.
– The Association of Argentine Corn is predicting corn acreage will surge by as much as 25 per cent in 2016/17. The group says expectations are growing that yields will be good in the upcoming season which should help bolster interest.
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– The Russian grain harvest is expected to reach 110 million tonnes in 2016. However, new reports from the government say that figure could increase by another three to six million tonnes if the weather stays favourable.
– Bangladesh has turned to merchants from the Black Sea region for grain due to a lack of supplies in India, according to a report on livemint.com.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$170-$175 per tonne range as of August 19, which was C$5-$10 lower than the week before, according to provincial reports. Feed wheat prices were in the C$184 to C$2192 range which was down roughly C$15 from the previous week.
