MarketsFarm — Despite delays in the ongoing barley and wheat harvests across the eastern Prairies, early indications have suggested healthy amounts of grain production.
“Eastern Saskatchewan and Manitoba still have a bit of harvest to go, but generally the yields are good,” Glen Loyns, general manager of JGL Commodities at Moose Jaw, Sask., said. “Quality has been good. There have been no surprises in that regard.”
Yields in much of Saskatchewan and Alberta, where harvests are further along, are also very good, he said. At feedlots in southern Alberta, activity is ramping up.
Read Also
China hits 12 million ton U.S. soybean target pledged in trade truce
China has bought about 12 million metric tons of U.S. soybeans, fulfilling a U.S.-stated pledge to purchase that volume by the end of February, three traders told Reuters on Tuesday, after a late-October trade truce spurred buying.
“We’re starting to see demand (for feed grains) pick up into the fall,” he added. “Now that harvest pressure is off, grain prices are increasing.”
The high-delivered bid for feed barley in Alberta is $8.60 per bushel, 65 cents higher than last month, according to Prairie Ag Hotwire. In Saskatchewan and Manitoba, the high-delivered bids for feed barley are $6.50/bu. (up 50 cents from last month) and $6.75/bu. (up 25 cents), respectively.
For feed wheat, the high-delivered bid in Alberta is $11.29/bu., up 14 cents from last month. In Saskatchewan and Manitoba, the high-delivered bids are $10/bu. (up $1 from last month) and $9.66/bu. (up 44 cents), respectively.
With the exception of Alberta feed wheat, all of the above high-delivered bids are equal to or lower than those from one year ago.
— Adam Peleshaty reports for MarketsFarm from Stonewall, Man.
