By Commodity News Service Canada
WINNIPEG, May. 18 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, May 18.
– CBOT corn futures finished 1-2 cents higher on Wednesday, with the July contract at US$3.9950 per bushel. The market hit its highest point in nearly a month after a day of short-covering.
– Wet weather has made it extremely difficult for farmers in western Kentucky to get their corn planted this spring, according to a report on wbko.com.
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– Argentina has exported 3.133 million tonnes of wheat in the first quarter of this year. That is twice as much as last year during the same period, according to government figures.
– German farmers are expected to plant nearly 4% less wheat in 2016 than initially planned, according to private forecasters. At the same time, growers have reportedly put more rapeseed into the ground.
– Wheat planting in Crimea reached an area of 275,000 hectares this spring (as of May 17), that compares to just 204,000 hectares last year, according to Ministry of Agriculture of the Russian Federation.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$216.50 to C$218 per tonne range as of May 13, which was up slightly from the week before, according to provincial reports. Feed wheat prices were in the C$235 to C$237 range, which were one to three dollars more than the week before.
