By Commodity News Service Canada
Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Monday, January 18.
– CBOT corn futures were unchanged on Monday, January 18, with US markets closed for Martin Luther King Jr. Day. ICE Futures Canada barley contracts saw some light activity, but prices were unchanged.
– The US is reportedly importing two cargoes of feed wheat from Argentina, as the South American wheat was said to be cheaper than the already abundant US feed supplies.
– South Africa is now expected to need to import five to six million tonnes of corn this year, well above traditional levels, due to drought issues with the country’s own crop.
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– Bird flu concerns in France have seen the country suspend duck and geese production for the first half of the year, which should cut the country’s corn consumption by about 100,000 tonnes, according to analysts.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$205 to C$214 per tonne area as of January 15, which was unchanged compared to the previous week, according to provincial reports. Feed wheat prices were in the C$220 to C$225 range, which was down slightly from the previous week.
