MarketsFarm — Feed grain prices in Western Canada remain strong in late November, although looming corn imports from the U.S. should keep a lid on the upside.
Feed barley in Alberta is currently topping out at $9.78 per bushel, with feed wheat above $12 in some cases, according to Prairie Ag Hotwire. Those prices remain near their highs of the marketing year, but were showing signs of stabilizing.
Feed brokers in southern Alberta noted transportation issues had slowed corn imports into the region, leading to some extra nearby demand for barley from feed yards in need of coverage.
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However, the U.S. had a large corn crop this year, and the trade expects increased corn imports will eventually find their way into Canadian rations.
Meanwhile, Canada continues to export barley at a relatively solid pace, with the 1.186 million tonnes shipped through the first 16 weeks of the marketing year actually up by 6,000 tonnes from the same point the previous year, according to Canadian Grain Commission data.
Much of that business was likely put on the books before the extent of the 2021 drought was accounted for, with export movement likely to drop off going forward.
— Phil Franz-Warkentin reports for MarketsFarm from Winnipeg.
