There were few price changes for feed grains at the start of May, according to an Alberta-based trader. However, seasonal trends will pressure prices in the coming months.
In the midst of dryness in Western Canada and an organics market stuck in a standstill, organic growers are making decisions on what to plant in the coming weeks. Chances are, they may be dictated by their own rotations.
Tariffs from China and the United States have paralyzed feed grain markets in Western Canada according to Market Master Ltd. owner Susanne Leclerc from Edmonton.
There is still some buying activity at feedlots despite some cattle already being put out to pasture for the summer months, according to Susanne Leclerc at Edmonton-based Market Master Ltd.
Prices for new crop pulses will largely determine how many acres will be grown this spring, according to Levon Sargsyan of Johnston's Grain in Calgary.