Feed Grains: Promising research into rust disease

By Commodity News Service Canada

Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Thursday, Dec. 28.
Some new research is creating hope for wheat crops afflicted with rust disease, according to a report on technology.org. Scientists at the University of Sydney say it will soon be possible to do DNA testing on a rust-infected crop to determine whether it needs to be sprayed with fungicide. The process normally took weeks but researchers have apparently found a way to shorten that into hours. The abbreviated time-frame could mean the difference between seeing the crop thrive or being destroyed.

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Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were up slightly during the week ended Dec. 22 to range from C$220 to C$224 per tonne, according to the latest pricing information from the provincial government. Feed wheat prices were roughly the same at C$218 to C$224 per tonne in Lethbridge.
Corn futures at the Chicago Board of Trade finished one to two cents lower on Thursday as traders covered short positions. Brazilian corn prices are rising, which could boost United States exports. A major consulting firm in Ukraine has lowered its estimate for Black Sea corn production by one percent.
Weekly ethanol production in the U.S. rose by 13,000 barrels a day, compared to the previous week. That brings current production to 1.09 million barrels a day. Stockpiles of ethanol decreased slightly.
U.S. wheat markets are vulnerable to short-covering rallies as large funds are short in the market.