There’s beginning to be a shift within the Canadian Prairie feed market towards importing United States corn, said Darcy Haley, vice-president of Ag Value Brokers in Lethbridge.
Confirmation of a record-large corn crop in the United States should keep feed grain bids in Western Canada under pressure in the near term, as the domestic market works to remain competitive.
If there’s one bright spot in the Prairie feed grain market that would be export prices for barley and wheat. Susanne Leclerc of Market Master Ltd. in Edmonton said the grain elevators have upped their prices in order to meet export demand.
Feed prices for barley and wheat have pulled back a little following an upward swing that started in November and ended in early December, said Travis Ebens of CorNine Commodities in Lacombe, Alta.