Glacier FarmMedia — Prices for feed grains on the Canadian Prairies have “started to rebound a little bit,” said Matt Beusekom, trader with Market Place Commodities in Lethbridge.
Beusekom said prices had been feeling the weight of harvest since the second half of August. Now prices for feed barley and wheat were C$250 per tonne delivered Lethbridge, up from the high C$240s.
“The producers, if they got it in a bin or a bag, it might stay there for a little bit,” he added.
Read Also
Record EU soft wheat harvest expected this year
This year’s European Union soft wheat crop is expected to have reached a record high.
The trader suggested feed prices could increase further over the coming weeks, as harvest pressure diminishes on barley and wheat.
The combining of barley passed its halfway point in two provinces, with more than three-quarters of the Manitoba crop taken off and over half of Saskatchewan’s. The Alberta harvest was about a third complete.
Spring wheat was further behind, with between a quarter and third in the bin in Alberta and Saskatchewan, while Manitoba much more ahead at about 80 per cent harvested.
Meanwhile, Prairie Ag Hotwire reported that for the week ending Sept. 10, feed prices were steady to lower. The barley was down 17 cents per bushel in Alberta, with delivered prices between C$4.50 to C$5.77/bu. Those in Manitoba dipped four cents at C$4.00 to C$4.41/bu. delivered and in Saskatchewan they were unchanged at C$4.50 to C$4.75/bu.
Feed wheat shifted by a good amount in Manitoba, losing 76 cents at C$6.00 to C$6.24/bu. delivered. Alberta prices shed eight cents at C$C$5.69 to C$7.27/bu. and held steady in Saskatchewan at C$6.88/bu.
