By Commodity News Service Canada
WINNIPEG, Feb. 1 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Monday, February 1.
– CBOT corn futures were weaker on Monday, with the March contract down 0.75 cents at US$3.7125 per bushel as losses in crude oil weighed on the ethanol-linked grain.
– The Iranian government will ban state imports of wheat for a year, beginning March 20, according to reports, as the country is looking to become more self sufficient. However, it will still import corn and barley.
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– The corn harvest in Brazil’s southern state of Rio Grande do Sul is reportedly 21 per cent complete, according to a report from the Rural Institute of Technical Assistance in the state.
– Russia has exported nearly 22 million tonnes of grain as of January 27 during the crop year to date, according to reports, which is about a million tonnes behind the level seen at the same point the previous year. Of the totals, wheat exports so far come in at 15.5 million, barley at 3.3 million and corn at 2.0 million.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$209 to C$215 per tonne area as of January 29, which was unchanged compared to the previous week, according to provincial reports. Feed wheat prices were in the C$222 to C$230 range, which were down slightly from the previous week.
