By Commodity News Service Canada
WINNIPEG, June 2 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Thursday, June 2.
– Grain is once again being shipped down the Missouri River. Proponents says it makes more sense than trucking as one 15-barge tow can replace 870-semi trailer trucks of wheat or other grains. Many ports disappeared in the early 2000’s due to economic problems but some shippers now feel they can make a go of it, according to a report by the Associated Press.
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– Heavy rain in France has cut into wheat development. According to FranceAgriMer, 83 percent of the country’s crops are in good to excellent shape this week, down from last week’s total of 86 percent. The excess moisture has impacted wheat plants during their flowering stage and could potentially cause disease pressure, an analyst said.
– Russia is taking steps to develop a large section of land that is located in the far east, near the Chinese border. Three families have been awarded free land to develop it agriculturally. They cannot give it away or sell it for the first five years of the agreement.
– From January to April, Indonesia imported around 400,000 tonnes of wheat. According to the country’s Feedmill Association, that is roughly four times the amount imported during the same time last year.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$212 to C$215 per tonne range as of May 27, which was down slightly from the week before, according to provincial reports. Feed wheat prices were in the C$235 to C$240 range, which were slightly firmer than the week before.
