MarketsFarm — As the harvest continued across the Canadian Prairies, pressure kept feed grain prices largely in check, according to Crystal Leitch of Market Master Ltd. in Edmonton.
“We don’t see things changing too much because pricing is not what it was. There’s some hope that pricing is going to come back up, whether it does or not, I’m not too sure,” she said.
Manitoba Agriculture reported Tuesday the provincewide harvest reached 37 per cent, and Saskatchewan said its harvest was just over the halfway point. Alberta is scheduled to release its crop report Friday; its previous report put the overall harvest there at 18 per cent finished.
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Leitch noted recent declines in feed prices for barley and wheat were making something of an impact on corn imports from the U.S.
Across Western Canada feed prices were largely steady to lower during the week ended Wednesday, according to Prairie Ag Hotwire.
Barley dropped 50 cents in Saskatchewan at $5.50-$6 delivered and down 11 cents in Alberta at $5.75-$7.92 per bushel. Manitoba was the exception with prices nudging up 11 cents at $5.75-$6.51/bu.
Feed wheat prices on the Prairies were down across the board, with Saskatchewan falling 40 cents at $7.50-$9.10/bu. delivered. Alberta pulled back 27 cents at $7.71-$10.48/bu., while those in Manitoba slipped 17 cents at $8.48/bu.
— Glen Hallick reports for MarketsFarm from Winnipeg.
