By Commodity News Service Canada
Winnipeg, Dec. 20 (CNS) – Following are a few highlights in
the Canadian and world feed grains markets for Wednesday, Dec.
20.
China’s corn crop is expected to be reduced by 1.33 million
hectares this year as the country seeks to address excessive
corn stocks, according to the Ministry of Agriculture of the
People’s Republic of China. Years of corn support for Chinese
farmers has left the country with a substantial stockpile. In
2016, the country’s corn output was around 220 million tonnes,
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previous year.
The amount of United States corn inspected for export last
week dropped 17 per cent from the previous week to 594,281
tonnes, according to United States Department of Agriculture’s
weekly Federal Grain Inspection Service report. The amount of
corn inspected for export was down 26.2 per cent from the
previous. Since Sept. 1 there has been 40.4 per cent less corn
inspected than last year.
European Union farmers are expected to increase wheat and
soybean crops and cut back on canola by 2030, according to a
medium-term agricultural forecast from the European Commission.
It is estimated that soft wheat acres will expand from to 24.8
million hectares by 2030, compared to this year’s 23.6 million
hectares. Growth will be supported by “good feed and export
Feed wheat prices in the Ukraine are remaining stable
unlike milling wheat, according to a report from UkrAgroConsult.
Milling wheat prices fell last week, pressured by a further
downturn in the global wheat market and weakening foreign
demand. Feed wheat however is still being supported by demand
from buyers.
