There’s beginning to be a shift within the Canadian Prairie feed market towards importing United States corn, said Darcy Haley, vice-president of Ag Value Brokers in Lethbridge.
Western Canadian cash prices for spring wheat and durum were mostly higher during the week ended Jan. 27, supported by gains in the United States wheat complex.
Look for trading of soybeans, corn and wheat at the Chicago Board of Trade remain sideways for the balance of January, perhaps longer, said Ryan Ettner, broker with Allendale Inc. in McHenry, Ill.
Canada Western Red Spring wheat bids moved higher in early January, as support from a weaker Canadian dollar countered the bearish influence of small declines for spring wheat futures in the United States.
Tom Lilja, an analyst from Progressive Ag in Fargo, N.D., expects corn and soybeans yields to be trimmed ahead of the U.S. Department of Agriculture’s monthly supply/demand estimates release on Jan. 12, 2026.
Spring wheat and durum cash prices were moderately higher across the Canadian Prairies for the week ended Dec. 19. This was despite losses in Chicago and Kansas City wheat and Agriculture and Agri-Food Canada projecting larger all wheat ending stocks for 2025/26. Minneapolis wheat bumped up on the week, lending some support to Canadian cash prices.
Feed prices for barley and wheat have pulled back a little following an upward swing that started in November and ended in early December, said Travis Ebens of CorNine Commodities in Lacombe, Alta.
The USDA is forecasting tighter U.S. corn ending stocks for 2025/26 due to increased exports. The supply/demand balance sheets for soybeans and wheat were unchanged.