By Commodity News Service Canada
WINNIPEG, July 21 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Thursday, July 21.
– CBOT corn futures finished three cents per bushel weaker Thursday. The market pushed lower on reports that the current heat wave in the US will leave sooner than expected. Losses in crude oil and weak Chinese imports of ethanol added to the downside.
– Wheat yields in north-central Kansas are between 60 to 100 bushels an acre, according to a report on Midwest Producer. Crop-watchers say it could be a record year.
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– Corn planting in Argentina could rise by 25 per cent, according to reports out of the country.
– Soggy conditions in France have reduced that country’s wheat output by 17 per cent, according to German agriculture consultant BayWa. Russia is the world’s top wheat producer for the second year in a row with exports of 22.5 million tonnes, according to the USDA.
– Kazakstan is expected to produce 13 million tonnes of wheat in the 2016/17 marketing year, according to FAS/ASTANA.
– 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.
