MarketsFarm — Prices for feed grains are continuing to go up — and with depleted stocks and dry conditions forecast for the Prairies, they are likely to rise a bit more.
“There’s a shortage of corn. Corn’s at over $400 (per tonne) in southern Alberta. You’ve got barley that’s pushing over $340-$350 and that’s a $50 difference between the two,” said Mike Fleischhauer of Eagle Commodities at Lethbridge, Alta.
“Between the two, we’re starting to see signs that there’s just no inventory left. We’re still a couple of months away from anything new coming in.”
Read Also

U.S. grains: Soybean futures jump on hopes for US export demand
Chicago Board of Trade soybean futures jumped on hopes for U.S. export demand on Wednesday, while corn futures rose for a third day to extend a recovery from contract lows, analysts said.
According to Prairie Ag Hotwire from Wednesday, high-delivered bids for Alberta feed barley were at $7.58 per bushel, an increase of 61 cents from last month and $2.57 from last year.
As for Alberta feed wheat, high-delivered bids were at $9.25/bu., 68 cents higher than last month and $2.59 higher than the year before.
Adding to pressures on current feed grain stocks, according to Fleischhauer, are international buyers purchasing new crop, ongoing drought and a new 40,000-head feedlot north of Enchant, about 75 km northeast of Lethbridge.
“In the next 30 to 40 days, we’ll see what transpires. In southern Alberta, it’s limping,” he said.
— Adam Peleshaty reports for MarketsFarm from Stonewall, Man.