U.S. makes biggest Canada feed wheat buy in decade
WINNIPEG, Manitoba/CHICAGO (Reuters) - Canadian feed wheat is flowing into the southeastern United States in the largest quantities for more than a decade, highlighting tight U.S. corn supplies and a surplus of feed wheat in Canada, several trade sources said.
Wilmington Bulk LLC, a consortium of North Carolina poultry and swine producers including Smithfield Foods, has bought between 100,000 and 200,000 tonnes of Western Canadian feed wheat, industry sources in Canada and the United States said.
Strong demand from ethanol producers has driven corn stocks to a 15-year low, while Canada has more feed wheat than usual after excessive rain last year and untimely frost.
(Reporting by Rod Nickel in Winnipeg and Karl Plume in Chicago; editing by Sofina Mirza-Reid)
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