By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, January 4.
– CBOT corn futures were down on Monday, losing seven cents in the March contract to settle at US$3.5150 per bushel, as a sell-off in Chinese equities and losses in crude oil weighed on prices.
– Forecasts are calling for some beneficial rainfall in some of the dry regions of Brazil, which should help boost the yield prospects for corn crops there, according to reports.
Read Also
Canadian Financial Close: Loonie drops, new record for TSX
Glacier FarmMedia | MarketsFarm – The Canadian dollar tumbled on Friday but still ended the week slightly higher than the last….
– Cold temperatures in Russia are raising some concerns over the state of the winter cereal crops there, with minimal to no snow-cover being reported in many areas following recent warmer weather.
– Zimbabwe is running low on grain supplies, with only a week’s of maize supplies currently available, according to the Grain Millers’ Association of Zimbabwe. The organization is calling on the government to lift an import ban in order to help replenish the reserves.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$215 to C$217 per tonne area as of December 18, according to provincial reports. Feed wheat prices are in the C$226 to C$230 range. Updated prices from the government are set to be released on January 8.
