CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Wednesday, Oct. 21.
• Barley yields in the U.K. have reached a new record. According to the Department of Environment, Farming and Rural Affairs (DEFRA), the winter barley crop is projected at 3.32 million tonnes. That is up from last year’s total of 3.09 million and is the largest crop since 2002.
• CBOT corn futures were mixed at midday Wednesday. The near-month contracts took strength from improving Chinese demand while the more-deferred values were pressured by the advancing US harvest.
• Sorghum is starting to become more prominent as a possible alternative to barley when it comes to feed grains. In many cases, sorghum is more drought-tolerant than barley which is an enticement to many farmers in drought-stressed areas.
• A Japanese trade mission to India recently wrapped up with the main objective of the visitors reportedly being centred around future acquisitions of Indian corn.
• Ranchers in the drought-stressed region of Queensland, Australia have been importing vegetables from supermarkets that would normally have been thrown in the garbage, according to reports out of the country.