By Commodity News Service Canada
WINNIPEG, March 17 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Thursday, March 17.
– CBOT corn futures held near unchanged on Thursday, as spillover support from the advances in crude oil was countered by expectations for increased US acres. The May contract was up 0.25 US cents at US$3.6850 per bushel.
– The USDA reported weekly US corn export sales of 1.2 million tonnes, which was at the high end of trade guesses and did provide some support to the grain market.
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– India cancelled a tender to purchase 240,000 tonnes of corn, citing hopes for a better domestic crop and a lack of offers for non-GMO corn.
– Western Canadian livestock feeders are said to be well covered over the next two months, with road bans in some areas also limiting movement.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$205 to C$212 per tonne area as of March 11, which was steady compared to the previous week, according to provincial reports. Feed wheat prices were in the C$228 to C$232 range, which was down by three dollars on the top end.
