Feed weekly outlook: Grain prices soften into fall

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

MarketsFarm — Old-crop feed grain prices are converging with new-crop and coming under some seasonal pressure.

“As we get closer to new crop, we’ve been seeing the switch to new-crop prices from old-crop,” said Erin Harakal, a senior trader with Agfinity in Lethbridge.

Feed barley prices are around $195-$200 per tonne delivered in the Lethbridge area, she said, with feed wheat prices following suit.

Feed wheat prices are between $214 and $218 per tonne delivered to southern Alberta.

Harvest activity is underway in southern region of Alberta — and across the Canadian Prairies — but there hasn’t been that much activity in the northern parts of the province.

Feed grain crops are expected to be in good condition ahead of harvest, though Alberta’s Peace region has been wetter than most other regions of the Prairies.

— Marlo Glass reports for MarketsFarm from Winnipeg.

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