By Commodity News Service Canada
WINNIPEG, Sept. 27 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Tuesday, September 27.
– CBOT corn futures settled higher on Tuesday, with harvest delays in parts of the Midwest providing some support. The December contract was up 2.75 cents at US$3.3175 per bushel.
– The US corn harvest was 15 per cent complete as of this past Sunday, according to the latest USDA data. That was slightly behind trade guesses and off the five-year average of 19 per cent complete, as heavy rains in parts of the Midwest caused delays.
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– South Africa has raised its forecast on the size of this year’s corn crop to 7.5 million tonnes. While that would be up 3.3 per cent from an earlier estimate, it would still mark the smallest corn crop since 2007 as drought conditions caused problems earlier in the year.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$160 to C$165 per tonne range as of September 23, which were unchanged from the previous week, according to the latest pricing information from the provincial government. Feed wheat prices moved up slightly, to range from C$180 to C$195 in Lethbridge.
