By Commodity News Service Canada
WINNIPEG, June 16 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Thursday, June 16.
– CBOT corn futures were down on Monday, as good Midwestern weather and sharp losses in soybeans weighed on values. The July contract was down 3.75 cents at US$4.2525 per bushel.
– Weekly US corn export sales of 909,700 tonnes old crop and 178,700 tonnes new crop were on the low end of trade expectations, although the USDA has already met 98 per cent of its target for the old crop year.
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– Japan has purchase 21,000 tonnes of feed wheat in its weekly simultaneous buy and sell auction. That was well off the initial tender looking for 120,000 tonnes of feed wheat and 200,000 tonnes of barley.
– Russia exported 206,900 tonnes of barley in April 2016, which was well off the level seen the same month the previous year, according to reports. Total barley exports during the crop-year-to-date of 4.108 million tonnes are down by 16 per cent from 2015.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were around C$205 per tonne range as of June 13, which was down C$5.00 to C$8.00 from the week before, according to provincial reports. Feed wheat prices were in the C$226 to C$240 range as the price range widened slightly from the previous week.
