By Glen Hallick, Commodity News Service Canada
WINNIPEG, Nov. 22 (CNS Canada) – Over the last few weeks there has been very little price fluctuation for feed grain prices according to one Alberta-based commodities trader.
Jim Beusekom, president of Market Place Commodities in Lethbridge, Alta. said corn has been getting C$245 to C$250 per tonne. He said there is plenty of corn available in the United States and its price is often the cap on feed prices. He said price had been C$235 to C$240 per tonne for feed wheat and C$245 to C$250 per tonne for feed barley since the start of November.
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Durum around the Lethbridge area, he said, is mostly trading as feed wheat.
“It doesn’t matter what the grade is, the price is higher than the export price.”
Cold, wet and snowy conditions during September and October led to durum crops being left in the field and downgrading the quality.
The story is the same for other varieties of wheat.
“Because harvest has been completed, we’re seeing more of those feed wheat offers of hard red spring wheat end up in the feed market,” Beusekom said.
Going into November virtually all of Alberta’s crops were harvested, but there was some amounts left in the field. Depending on the region in Alberta, wheat and barley were about 96 per cent harvested according to the final Alberta Crop Report for 2018.
