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Russian grain exports picking up

Russian grain exports picking up

MOSCOW: Russian grain exports are expected to increase in August, possibly hitting a record for the month, according to a new report from SovEcon. While harvest operations were delayed by adverse weather earlier in the season, more new crop supplies are starting to be available, according to the report. Corn futures at the Chicago Board of Trade were lower on Monday, as beneficial rains hit much of the Midwestern crop over the weekend.

The weekly USDA condition ratings, released after the market close, showed 62 per cent of the US corn crop in the good-to-excellent category, which was down two points from the previous week. That compares with 76 per cent in the top two categories at the same point a year ago. Feed barley bids in the key cattle feeding area of Lethbridge, Alberta were in the C$195 to C$208 per tonne range as of July 21, according to the latest pricing information from the provincial government. Top end feed wheat prices ranged from C$210 to C$240 per tonne in Lethbridge.