The Port of Thunder Bay continued to see strong grain movement with only a month to go in the 2024 shipping season. Potash shipments are also up on the year.
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.
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.
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.
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.
Due to good supplies, prices for feed barley and wheat continued to slide back, according to Jim Beusekom of Market Place Commodities in Lethbridge, Alta.