Feed Grains: EU votes down proposed GMO opt-out

By Commodity News Service Canada

Winnipeg, October 28 – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, October 28.

–   CBOT corn futures were weaker on Wednesday, with the December contract quoted at US$3.7750 per bushel at midsession, as the advancing US harvest weighed on values.

–   The European Parliament has voted to reject a proposed law that would have given individual EU countries the power to ban genetically modified food and animal feed.

–   Chinese demand for US DDGS is reported to be backing away, as importers are concerned that the government may implement another anti-dumping probe. China is the world’s largest importer of the byproduct of ethanol production, but a similar investigation in 2010 led to a slowdown in demand at the time.

–   Feed barley bids in the key cattle feeding area of Lethbridge, Alberta are in the C$210 to C$220 per tonne area, according to provincial reports. Feed wheat prices are in the C$215 to C$230 range.

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