Even before tariffs were imposed by United States President Donald Trump on March 4, the levies were having an impact on Western Canadian feed grain prices, said Jay Janzen of CorNine Commodities in Lacombe, Alta.
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.
Movement in feed grain prices remained largely at a standstill across Western Canada due to the looming threat of tariffs by the Trump administration, said Susanne Leclerc of Market Master Ltd. in Edmonton.
Feed prices on the Canadian Prairies have slipped over the last week and are poised to remain flat to the end of the year, said Darcy Haley, vice-president of Ag Value Brokers in Lethbridge.
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.