By Commodity News Service Canada
WINNIPEG, July 22 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Friday, July 22.
– According to the USDA, 41 ocean-going grain vessels were loaded in the gulf for the week ended July 14. That constitutes 46 per cent more grain than the same time last year.
– The Association of American Railroads reports that grain carloads are on pace with last year’s total of 564,000 cars.
– Japan, India and Jordan all cancelled grain orders this week. Jordan backed away from a planned acquisition of 100,000 tonnes of milling wheat, Japan cancelled 120,000 tonnes of feed wheat and 200,000 tonnes of feed barley while India cancelled 80,000 tonnes of corn.
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– A ban on truck movement in part of the Black Sea region could impact grain movement. The ban is reportedly in the Kuban region of Southern Russia and could last until August 31, according to a Russian newspaper report on the website www.zol.ru.
– Syria has purchased 200,000 tonnes of Russian wheat in a tender.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$194-$205 per tonne range as of July 15, which was C$7-$8 lower than the week before, according to provincial reports. Feed wheat prices were in the C$215 to C$225 range which was C$10-$15 from the previous week.
