By Commodity News Service Canada
Winnipeg, December 29 – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, December 29.
– Corn futures at the Chicago Board of Trade were down one-and-a-half to two US cents in early activity on Tuesday, pressured by a stronger US dollar.
– Cash prices for delivered elevator feed barley in Lethbridge is around C$220 per metric tonne, and feed wheat is around C$219 per metric tonne, according to Newco Grain Ltd.
– Heavy storms, with more anticipated, in the US are putting the country’s winter wheat crops at risk. Rain, and the potential for flooding in growing regions, heightens the risk of disease in crops.
– US cattle futures lost 0.04 per cent per hundredweight in early activity on Tuesday, which could hint at reduced feed demand.
– China has multi-year high supplies of corn and wheat, among other commodities, according to a report from CoBank’s Knowledge Exchange Division, which could put a damper on exports to the country in 2016.
