By Commodity News Service Canada
WINNIPEG, Mar. 9 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on
Wednesday, March 9.
– CBOT corn futures were slightly weaker on Thursday, with the May contract down a cent to US$3.5950 per bushel. The USDA pegged domestic stockpiles at a higher figure than last year’s.
– The USDA estimated world corn ending stocks at 206.97 million tonnes. That compares to the previous estimate of 208.81 million tonnes.
– Iran has bumped up its purchases of wheat from Kazakhstan. According to data from blackseagrain.net, since the beginning of the marketing season Kazakhstan exported 112.9 KMT of wheat to Iran. The report says that was 18 percent higher than the previous year.
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– Grain farmers in southeastern Idaho are struggling with an outbreak of the fungus that causes Fusarium Head Blight or head scab, according to a report in magicvalley.com. Barley farmers are apparently having the toughest time due to the malt industry’s low tolerance for deoxynivalenol, a mycotoxin produced by certain strains of fusarium.
– An official with the Hydrometcentre says Russia’s winter grain crops have improved since late November. Back then 11 per cent of the grain crops were reported in poor condition but that number has since fallen to 8 to 10 per cent.
– 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.
