By Commodity News Service Canada
WINNIPEG, July 18 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Monday, July 18.
– CBOT corn futures finished four to six cents per bushel higher Monday due to forecasts calling for intensely hot weather to hit the US corn belt in the next week or so.
– According to a report by North Dakota State University, recent rains have bumped up the yield potential for corn in North Dakota. Many plants are already showing good kernel counts and healthy leaves above the ears.
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– Winter wheat prices (hard red variety) in Nebraska have fallen far enough for loan deficiency payments to kick in, according to the Nebraska Radio Network.
– According to ArH. Grain-Line, 73 percent of the winter wheat crop in the United Kingdom is at moderate risk of developing fusarium. The agency says 17 percent is at higher risk of developing the disease.
– Russian grain exports rose 34.5 percent in the first two weeks of July, according to the country’s agriculture ministry.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$194-$205 per tonne range as of July 18, 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.
