Prices for feed grains on the Canadian Prairies have “started to rebound a little bit,” said Matt Beusekom, trader with Market Place Commodities in Lethbridge.
Multiple factors dragging down futures
Canola 34 per cent above 10-year average
Expected to drop passed last year’s lows
Mixed projections for other cereals, oilseed, pulses
Feed barley prices may continue to decline
Winter wheat gives better bird nesting habitat, improving biodiversity, and may cost farmers less in seed than typically thought