By Commodity News Service Canada
WINNIPEG, Feb. 22 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Monday, February 22.
– CBOT corn futures rose two cents per bushel on Monday, with the March contract at US$3.6750 per bushel. Investor short-covering and stronger crude oil prices were credited with the increase.
– Japan and the Philippines have reportedly bought small amounts of feed quality wheat at a discount from cash, according to Tim Hannagan of Walsh Trading. Japan led the way with an order for 56,000 tonnes of feed wheat.
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– A new facility will be constructed near Sarnia, Ontario that will transform corn stover and wheat straw into dextrose sugar. The President of the Cellulosic Sugar Producers Cooperative says the creation of the plant is good news for farmers, according to a report in the Sarnia Observer.
– The effects of El Nino are starting to take a severe toll on crops in Africa. Extreme heat is already curbing production of maize, rice and wheat in the southern Horn of Africa. Irrigation efforts have been derailed in many areas due to the dryness, according to a report in china.org.
– According to the head of the Pancyprian Association of Wheat Producers, many crops in Slovenia require moisture in the next few days or they could be lost. A report in Balkans.com says wheat crops have already completed 50% of their life cycle without rain.
– 17 cows have died and 23 more were sickened after eating green fodder corn in India. According to a report in The Times of India, the corn was trucked in from Anand province to the Bhavagar district. An initial investigation suggests that pesticide may have been sprayed before the fodder was harvested.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were C$215 per tonne as of February 19, firming slightly compared to the previous week, according to provincial reports. Feed wheat prices held steady at C$230 to C$232.
