By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, November 25.
– CBOT corn futures moved higher on Wednesday, with short-covering ahead of the US Thanksgiving holiday a feature. The March contract was up 3.25 cents, at US$3.7275 per bushel.
– ICE Futures Canada barley contracts have traded for two days in a row, with the March contract now sitting at C$191 per tonne. Commercials were thought to be on both sides of the market, with the lack of liquidity keeping speculators far away from the commodity.
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– Ukraine’s barley exports during the first four months of the current marketing year, at 414,100 tonnes, are down 11% from the same period the previous year, according to a report out of the country.
– Chatham House, a UK-based international think-tank, has released a study highlighting meat consumption as a major driver in global warming. The study says global meat consumption is already at unhealthy levels, and advocates for government interventions – including taxes – to reduce meat consumption.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$220 per tonne area as of November 20, according to provincial reports. Feed wheat prices are in the C$230 range. The average bids for both grains were relatively steady compared to the previous week.
