Rising corn prices in the United States could provide support for feed grains in Western Canada, although the current price spread remains conducive for imports of U.S. corn into Canadian feed channels.
Despite a lack of activity in the feed grain markets, prices for feed barley and feed grain are trending lower, according to a grain broker from Edmonton.
Feed grain prices on the Canadian Prairies have been pushing higher and are likely to continue on that upswing for now, said CorNine Commodities Ltd. trade manager Travis Ebens.
Feed grain prices on the Prairies stayed relatively steady for the week ended Sept. 25 as low cattle numbers in feedlots and light test weights for grains limit price gains.
Canadian purchases of corn from the United States are off to a slow start in the 2024-25 marketing year, with ample old crop barley supplies likely limiting demand.
With Alberta farmers presently reluctant to sell their barley and wheat for feed, cash prices have been on the upswing, according to Darcy Haley, vice-president Ag Value Brokers in Lethbridge.