By Commodity News Service Canada
WINNIPEG, Mar. 8 (CNS Canada) – Following are a few
highlights in the Canadian and world feed grains markets on
Tuesday, March 8.
– CBOT corn futures were slightly stronger on Tuesday, with the May contract up a cent-and-a-half to US$3.6050 per bushel. The market was supported by chart-based buying.
– Wheat fields were hit by rain and hail yesterday in parts of western, central and northern India, according to a report in the India Times. However, a meteorologist with the country’s weather office says the moisture was also beneficial for many parched fields and helped bring chilly temperatures up by 4-5 degrees.
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– According to a report in blackseagrain.net, the largest importers of Russian wheat last year, Turkey, Iran and Azerbaijan, have all reduced purchases so far in 2015/16. In contrast, Egypt has increased imports.
– Winter wheat, winter triticale and winter rye are beginning to creep out of dormancy in Ukraine due to recent warm weather. As of March 3, many winter crops were classified as being in a state of slow vegetation, according to UKAgroConsult.
– Jordan says 150 to 160 tonnes of a recent wheat shipment from the US suffered mold due to excess dampness. The country’s Director-General says the bulk of the 47,000 tonne shipment is not affected.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$205 to C$212 per tonne range as of March 4, which was down by roughly five dollars compared to the previous week, according to provincial reports. Feed wheat prices were in the C$225 to C$235 range, which were unchanged.
