By Commodity News Service Canada
Winnipeg, Jan. 4 (CNS) – Following are a few highlights in
the Canadian and world feed grains markets for Thursday, Jan. 4.
Cargill has reported a six per cent drop in quarterly
profits as a global glut of grains has limited trading
opportunities for the company. Large corn and soybean crops
added to the buildup in global stocks which weighed on markets
and limited trading opportunities.
November wheat imports to China totaled 155,817 tonnes,
which is 456 per cent more than the previous year, according
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641,500 tonnes, which is 52 per cent higher. However corn
imports were down by 31 per cent, with a total of 21,760 tonnes
imported.
Feed barley prices in Western Canada are holding steady,
according to the latest information from the Prairie Ag Hotwire.
Saskatchewan feed barley is sitting at C$3.85 per bushel. In
Manitoba feed barley is at C$3.75 per bushel and in Alberta at
C$4.79 per bushel.
Feed wheat prices as well are holding steady according to
the Prairie Ag Hotwire. In Saskatchewan feed wheat is at C$4.90
per bushel and in Alberta at C$6.10 per bushel.
