By Commodity News Service Canada
WINNIPEG, Apr. 8 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Friday, April 8.
– CBOT corn futures finished nearly a cent higher on Friday, with the May contract at US$3.6225 per bushel. Weakness in the US dollar provided some support to values along with ideas farmers in the US Midwest may swap out intended corn acres for soybeans.
– France’s winter barley crop is listed at 91% good to excellent as of April 4, according to the government.
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– Morocco continues to scour the market for wheat after drought cut into its normal production level. The country purchased 362,000 tonnes of wheat from France alone in February.
– Researchers in Australia say wheat seeds that were stored in Russia for more than a century could help in creating disease-resistant varieties in the future. Dr. Adnan Riaz looked at nearly 300 unique wheat seeds and found a large amount of genes that are absent from modern Australian wheat strains, according to a report in abc.net.
– According to the USDA, Pakistan’s 2016/17 wheat crop will total 25.3 million tonnes which is slightly higher than last year.
– Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$207 to C$215 per tonne range as of April 1, which was slightly higher compared to the previous week, according to provincial reports. Feed wheat prices were in the C$231 to C$240 range, which were C$3 to $5 higher than the previous report.
