By Commodity News Service Canada
WINNIPEG, July 19 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, July 19.
– CBOT corn futures finished 12 to 15 cents per bushel lower Tuesday. Prices were pressured by favourable weather forecasts and losses in crude oil.
– Yields as high as 90 bushels an acre were found in wheat fields in central South Dakota, north of Pierre, according to a report in Farm Futures.
– Grain truckers in Argentina have gone on strike over hauling rates, according to a report in Hellenic Shipping News. The strike isn’t expected to affect markets in the short-term as Argentina turns to its stockpiles.
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– The corn harvest in Brazil’s Mato Grosso region is over half-done, according to the Mato Grosso Institute of Agricultural Economics (Imea).
– According to a study by Brazil’s agriculture department, the country’s grain harvest should reach 255 million tonnes by 2025/26.
– 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.
