By Commodity News Service Canada
WINNIPEG, Feb. 11 (CNS Canada) – Following are a few
highlights in the Canadian and world feed grains markets on
Thursday, February 11.
– CBOT corn futures were slightly weaker on Thursday, with the exception of the March contract which was unchanged at US$3.6025 per bushel. Poor weekly export data and losses in crude oil weighed down the market.
– Some farmers in eastern Texas are reporting stripe rust in their winter wheat fields, according to various reports.
– France’s winter wheat area (2016 harvest) is its largest in 80 years at 5.2 million hectares, according to the French Farm Ministry.
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– Wheat futures in Paris hit their lowest level in five years on ideas of weakening demand from European countries, said a report by Bloomberg.
– Grain production in Kazakhstan is on the rise, according to data from the country’s statistical agency. Production in 2015 registered 18.2 million metric tonnes, which was 6% more than the previous year. Out of that amount, 13.7 million was classified as wheat.
– A report by the USDA says Egypt is losing arable land as its country’s farmers turn to crops that are more profitable than wheat. According to the report, more producers are planting berseem clover which is used for animal feed.
– Feed barley bids in the key cattle feeding area of
Lethbridge, Alberta were in the C$208 to C$212 per tonne
previous week. Feed wheat prices were in the C$220 to C$232 range, which were roughly the same as the previous week.
