By Commodity News Service Canada
WINNIPEG, March 14 (CNS Canada) – Following are a few highlights in the Canadian and world feed grains markets on Monday, March 14.
– CBOT corn futures moved higher on Monday, with the May contract up 3.75 US cents at US$3.6875 per bushel. Concerns that excess rainfall in the southern US would delay spring seeding and possibly see some acres shift out of corn provided support.
– Ukrainian farmers have seeded 320,000 hectares of their spring crops as of March 14, or 12% of intended area, according to a report from the country’s agriculture ministry. Of the total, barley area came in at 252,000 hectares.
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– More and more US farmers are looking at shifting some area out of corn and into sorghum, as the crop costs much less to grow, according to a report from DTN.
– Cameroon may export corn this year for the first time in over 40 years, according to a report out of the country. Corn production in the central-African nation is forecast at 5.4 million tonnes, which would be triple the 1.8 million tonnes grown the previous year.
– 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.
