Feed weekly outlook: Feed grains come under harvest pressure

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MarketsFarm – Delayed springtime planting pushed back the feed grain harvest. As a result, prices for old crop feed grains are now beginning to converge with new crop prices.

“It feels like we’re transitioning towards new crop,” remarked Travis Ebens, a grains trader with CorNine Commodities in Lacombe, Alta.

He said prices for feed barley were softening from earlier in the summer, settling around C$230 per tonne delivered to Lethbridge for old crop. Earlier in the month, prices were closer to C$240 per tonne. New crop barley prices are between C$215 and C$220 per tonne.

“New crop is starting to come off the fields,” he said.

Feed wheat prices are also coming under harvest pressure, with old crop around C$235 per tonne delivered to Edmonton.

Demand has remained steady, as the market is largely “well-covered,” remarked Ebens.

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