Feed weekly outlook: Prairie market stable heading into New Year

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Published: December 19, 2019

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MarketsFarm — Western Canadian feed grain markets are showing some stability heading into the New Year, as buyers have generally booked coverage over the holiday season.

“Everybody is just waiting to see what will happen,” said Mike Fleischhauer of Eagle Commodities in Lethbridge.

While large amounts of tough grain were moving, he said there was also plenty of drier grain available that growers were holding off on selling in hopes of seeing higher prices later in the marketing year.

However, trucking remains an issue, with the holiday season exacerbating tight transport availability.

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“Everybody is on holidays and taking some time off, but the cattle still need to eat, every day,” Fleischhauer said.

A number of unit trains bringing grain from Saskatchewan arrived in recent weeks, taking some pressure off of the market, said Fleischhauer. However, not much corn was coming up from the U.S., due in part to the poorer quality of the U.S. crop.

Barley has traded around the $225 per tonne area for the past several weeks, with feed wheat generally a few dollars per tonne higher.

— Phil Franz-Warkentin writes for MarketsFarm, a Glacier FarmMedia division specializing in grain and commodity market analysis and reporting.

About the author

Phil Franz-Warkentin

Phil Franz-Warkentin

Editor - Daily News

Phil Franz-Warkentin grew up on an acreage in southern Manitoba and has reported on agriculture for over 20 years. Based in Winnipeg, his writing has appeared in publications across Canada and internationally. Phil is a trusted voice on the Prairie radio waves providing daily futures market updates. In his spare time, Phil enjoys playing music and making art.

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