Glacier FarmMedia—Corn from the United States continued to move into Canadian feed channels at a steady pace, but little fresh business is going on the books as end users turn their attention to new crop production prospects.
Canada imported 34,500 tonnes of U.S. corn during the week ended May 16, taking the crop year total to 925,500 tonnes, according to the U.S. Department of Agriculture’s weekly export sales report. That’s roughly double the 406,300 tonnes of U.S. corn Canada had brought in by the same point the previous marketing year.
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Outstanding sales of 129,600 tonnes still to move compare with 126,900 tonnes the previous year.
Only 3,700 tonnes of new crop sales were on the books as of May 16, which compares with 25,400 tonnes of forward business that had already been booked by mid-May 2023.
Corn bids in the key livestock feeding area of Lethbridge climbed to around C$349 per tonne during the week of May 17, which compares with C$314 per tonne the previous week, according to the provincial government’s weekly market review. Meanwhile, feed barley bids were only up by one or two dollars, ranging from C$293 to C$298 per tonne.
Feed wheat into Lethbridge was priced at C$340 to C$347 per tonne, according to the provincial report, an increase of about C$5 per tonne on the top end on the week.
