Although there has been some upward movement in feed grain prices, particularly in Alberta, it’s not domestic demand that’s pushing them higher, said Jim Beusekom, president of Market Place Commodities in Lethbridge on Feb. 19.
SOYBEAN futures at the Chicago Board of Trade were narrowly mixed at the Wednesday’s close, holding near three-month highs. WHEAT futures corrected higher amid ideas recent losses were overdone. CORN futures were up in sympathy with wheat, with positioning ahead of the U.S. Department of Agriculture’s Ag Outlook Forum a feature.
Western Canadian cash prices for spring wheat were mostly higher and those for durum were a pinch lower for the week ended Feb. 17. A firmer tone United States wheat complex offered support, as did the Canadian dollar which lost six-tenths of a cent on the week.
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.
Western Canadian cash prices for spring wheat and durum were mostly higher during the week ended Jan. 27, supported by gains in the United States wheat complex.
Look for trading of soybeans, corn and wheat at the Chicago Board of Trade remain sideways for the balance of January, perhaps longer, said Ryan Ettner, broker with Allendale Inc. in McHenry, Ill.
Tom Lilja, an analyst from Progressive Ag in Fargo, N.D., expects corn and soybeans yields to be trimmed ahead of the U.S. Department of Agriculture’s monthly supply/demand estimates release on Jan. 12, 2026.
Spring wheat and durum cash prices were moderately higher across the Canadian Prairies for the week ended Dec. 19. This was despite losses in Chicago and Kansas City wheat and Agriculture and Agri-Food Canada projecting larger all wheat ending stocks for 2025/26. Minneapolis wheat bumped up on the week, lending some support to Canadian cash prices.