By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Thursday, November 19.
– CBOT corn futures were holding steady at midday Thursday, with the December contract up a half cent, at US$3.6225 per bushel, as good weekly export sales helped underpin the market.
– New Zealand farmers will seed 16 per cent less barley, but 26 per cent more wheat this year, for harvest in 2016, according to the latest Arable Industry Marketing Initiative crop survey. Barley area is estimated at 43,725 hectares, which would be down from the 52,354 tonnes grown the previous year due to large carry-in supplies and declining demand from the dairy sector.
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– Jordan cancelled a tender to purchase 100,000 tonnes of barley, according government officials from the country.
– The fighting in Syria is intensifying in the country’s major grain growing regions, with UN officials warning that both wheat and barley seedings will likely be hampered despite relatively favourable moisture conditions.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$217 to C$220 per tonne area as of November 13, according to provincial reports. Feed wheat prices are in the C$222 to C$230 range. The low-end bids for both grains were up from the previous week, while the top end of the ranges held steady.
