By Commodity News Service Canada
WINNIPEG, September 29 (CNS Canada) – Following are a few
highlights in the Canadian and world feed grains markets on
Thursday, September 29.
– CBOT corn futures were mostly unchanged Thursday, due to
position-squaring and uncertainty about the true state of corn
yields in the US.
– Farmers in Kansas are rushing to get as much done as
possible this week, according to a story by KSNT.com. Wet
conditions have slowed planting of winter wheat and harvesting
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planting is roughly 20 percent complete with three percent
emergence. Approximately 20 percent of the corn crop has been
taken off.
– White corn prices are in a free fall in South Africa. The
front-month contracts have declined by over 15 percent since the
start of September, according to reports out of the country.
– A new report by Australia’s state broadcaster (ABC) says
cold temperatures are slowing harvest in the country’s wheat
belt. One farmer said it was the worst frost he had seen in 20
years. The country’s main grain handler has indicated it plants
to lower its production forecast but hasn’t said yet by how
much.
– 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.
