Glacier FarmMedia—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.
“I don’t think (prices are) going to pull back anytime soon. I think we will continue to grind sideways or see some potential upside going forward,” Ebens explained.
He pointed to a lack of farmer selling as one reason why prices for feed barley and wheat have risen, suggesting some producers were still combining.
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“They’re probably not as engaged in the market if they were done earlier,” he said.
Also, Ebens said higher corn futures have taken pressure off of barley and wheat, giving them room to increase.
He added there have been concerns regarding the quality of the barley and wheat coming off of the fields, with test weights being lighter than expected.
Feed prices across the region have been steady to higher, according to Prairie Ag Hotwire. Those for barley gained 26 cents in Alberta, at C$4.25 to C$6.36 per bushel delivered, and they’re up 17 cents in Manitoba at C$4 to C$4.30. Meanwhile prices were steady in Saskatchewan at C$4.50 to C$4.75/bu.
Wheat in Alberta gained 14 cents on the week, at C$5.92 to C$7.89/bu. delivered, with Manitoba rising 12 cents at C$6.32. Those in Saskatchewan held at C$6.70 to C$7.13/bu.
