By Commodity News Service Canada
WINNIPEG, June 15 (CNS Canada) – Following are a few
highlights in the Canadian and world feed grains markets on
Wednesday, June 15.
– The Indiana State Climate Office says drought is definitely
a possibility this summer as some parts of northern Indiana are
abnormally dry. The office expects the second half of June to be
drier than normal as the La Nina weather phenomenon settles in.
– Winter wheat production is surging in Wisconsin. According
to the USDA, yields should be around two bushels per acre better
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compares to last year when just 15.5 million bushels were taken
off.
– Chicago Board of Trade corn futures finished six to seven
cents per bushel lower on Wednesday. The market was pressured by
weather forecasts calling for wetter weather in the US corn belt
next week.
– The USDA pegged total wheat production in the world at
730.8 million tonnes this year, which 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.
