By Commodity News Service Canada
WINNIPEG, May 31 (CNS Canada) – Ukrainian feed grain stocks are considerably higher this year compared to the same point a year ago, according to a report from the country’s statistics agency.
Corn supplies in the country, as of May 1, came in at 6.5 million tonnes, which compares with 4.2 million at the same point the previous year, reported UkrAgroConsult. Barley stocks, at 1.0 million tonnes, compare with 850,000 in 2016.
Chicago Board of Trade corn futures were higher on Thursday, as about a third of the US corn crop was rated fair-to-poor in the first USDA condition ratings of the growing season. Ideas that some intended acres will end up going into soybeans instead also provided support.
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Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$176 to C$183 per tonne range as of May 26, which was an improvement of about three dollars a bushel on the top end compared to the previous week, according to the latest pricing information from the provincial government. Top end feed wheat prices were down slightly, at C$195 to C$196 per tonne in Lethbridge.
