By Commodity News Service Canada
WINNIPEG, June 17 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Friday, June 17.
– CBOT corn futures finished 11-13 cents per bushel higher on
Friday, due to reasonable demand. Forecasts calling for dry,
hot weather across the US corn belt contributed to the advances. The market also took strength from nearby gains in soybeans.
– Wheat planting in Argentina is approximately 40 percent complete, according to numbers from the Rosario Board of Trade. Low temperatures, frost and rain have delayed much of the work so far.
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– Wheat crops in southeastern England are being threatened by brown rust. Warm humid weather has enabled the disease to tear through crops that haven’t been treated with a fungicide head spray, according to a report in Farmers Weekly.
– Stratgie Grains says the month of May (2016) was an abnormally wet one for both France and Germany and could problems for projected wheat exports. In particular, the forecasting agency says the wet weather will almost certainly cut into projected wheat production forecasts for the two countries as well as impacting yields.
– Ukraine shipped 1.4 million tonnes of wheat in May of this year. That is eight percent higher than in April and is a new record.
– 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.
