CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Thursday, Nov. 5.
• The president of AgResource told delegates at a conference in Winnipeg this week that the world corn crop will be down by 36 million tonnes this season (2015-16) due to heat and dryness in Eurasia and too much rain in the US Midwest.
• Dan Basse also told delegates that China is currently awash in grain and looking for ways to slow imports of barley, sorghum and corn derivatives such as DDGs.
• Farmers in parts of Southern Australia are reportedly inspecting their crops today after hailstorms swept though some key grain-growing regions yesterday, according to reports out of the country.
• Farmers in the northern region of Namibia are turning to dry leaves as forage for their livestock due to rising prices for fodder. The situation is turning desperate for some who have begun losing animals to hunger, according to reports out of the country.
• CBOT corn futures were lower at midday, with the December corn contract down four cents, at US$3.8425 per bushel, due to concerns over demand and disappointing sales data.