By Commodity News Service Canada WINNIPEG, Aug. 10 (CNS Canada) – Corn tumbled today following United States Department of Agriculture forecasts for another bumper harvest, adding to world oversupply. The USDA estimate for corn was 14.153 billion bushels based on average yields of 169.5 bushes per acre. That would make it the third-largest U.S. corn […] Read more
Feed Grains: Corn drops in wake of USDA report
WINNIPEG, Feed Grains: Corn climbs on expectations of lower yield estimates in U.S.
By Commodity News Service Canada Aug. 9 (CNS Canada) – U.S. corn gained today ahead of supply/demand reports expected from the United States Department of Agriculture tomorrow. That report is expected to include USDA assessments of corn crops based on field surveys. Many analysts believe that will lead to lower government forecasts for the crop […] Read more
Feed Grains: Corn takes dip
By Commodity News Service Canada WINNIPEG, Aug. 8 (CNS Canada) – The United States Department of Agriculture has lowered its rating for the corn crop. As of Aug. 6, the USDA rated 60 per cent of the country’s corn crop as good to excellent, compared to 74 per cent a year ago. However, strong global […] Read more
Feed Grains: Excess rain cuts into Argentine wheat acreage
Feed Grains: Excess rain cuts into Argentine wheat acreage By Commodity News Service Canada Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Friday, August 4. Feed wheat bids in the key cattle feeding area of Lethbridge, Alberta were in the C$228 to C$230 per tonne range as […] Read more
Feed Grains: Brazil corn crop busts bins
By Commodity News Service Canada WINNIPEG, Aug. 3 (CNS Canada) – Chicago corn fell for the September, December and March contracts today with settlements at US$3.63.5 for September (down 1.5 cents U.S.), US$3.77.75 for December (down 1.25 cents U.S.) and US$3.89.75 for March (down 1.25 cents U.S.) Brazil’s corn crop is proving to be huge […] Read more
Feed Grains: Corn rises despite weather restraints
By Commodity News Service Canada Aug. 2 (CNS Canada) – Corn futures at the Chicago Board of Trade were up slightly for the September contract at US$3.65, a climb of 2.5 cents U.S. from the start of today’s trading. The December contract ended the day at US$3.79, also up 2.5 cents U.S., and the March […] Read more
Feed Grains: Corn prices dip, following soybean’s plunge
By Commodity News Service Canada WINNIPEG, Aug. 1 (CNS Canada) – Corn futures at the Chicago Board of Trade fell today, partially due to spillover from soybean’s decline and forecasts for showers and cooler temperatures in the U.S. Corn Belt. The announced sale of 100,000 tonnes to Colombia may also have supported price. On Monday, […] Read more
Feed Grains: Alberta feed wheat prices climb, barley falls
By Commodity News Service Canada Winnipeg, July 31 – Following are a few highlights in the Canadian and world feed grains markets on Monday, July 31. Feed wheat bids in the key cattle feeding area of Lethbridge, Alberta were in the C$228 to C$230 per tonne range as of July 28, which was eight to […] Read more
Feed Grains: IGC lowers world grain production estimate
By Commodity News Service Canada WINNIPEG, July 28 (CNS Canada) – The International Grains Council lowered its estimate for total world grain production in 2017/18 to 2.038 billion tonnes, down 11 million from the June estimate and well below the 2.126 billion 2016/17 estimated production. Of the total, corn production is forecast at 1.020 billion […] Read more
Feed Grains: Potential for downgrades to feed in SK
By Commodity News Service Canada July 27 (CNS Canada) – Feed grains are performing well in most of Saskatchewan but the parched south is dragging down averages for the rest of the province. Overall in the province, barley is rated at 55 per cent good or excellent, 44 per cent fair or poor and one […] Read more