Haley said feed barley has risen over the last week by about C$10 at C$275 per tonne to Lethbridge for October-November-December delivery.

“When you get a little bit of demand with the lack of farmer selling, we move the market up,” he explained.

However, the recent increases might not push much higher, Haley speculated.

“I don’t know if it’s come to an end, but it just feels like it has settled down,” he commented.

Haley said feed wheat has also been priced at C$275/tonne, but there have been few seller at that level, so it could increase to C$285 delivered in southern Alberta.

“Producers are more focused on getting their crops off than marketing any grain right now,” he said, noting there’s an abundance of barley and wheat for feed this year.

Barley has been coming in at 43 to 46 pounds per bushel with some of it lighter than that, he said.

If barley is closer to 48 lbs./bu., Haley pointed out the buyers are not too keen on it, as it’s either more difficult to process or it takes longer to do so. That has meant corn becomes the alternative despite it being C$6 to C$8/bu. higher.

“It’s a consistent product with consistent supply,” he said.

The post Feed Grains Weekly: Prices moving higher, but maybe not much more says broker appeared first on Grainews.

“We are seeing feed prices start to creep up. I think it’s because of the rail disruptions and stuff like that,” Leclerc commented. ”There definitely are some market opportunities to take advantage of right now.”

There was a brief period of chaos among Canada’s two largest railways after they locked out approximately 9,300 union members. In turn the union issued strike notices, but the Canada Industrial Relations Board imposed binding arbitration to resolve the labour dispute.

Leclerc said November-December pricing is 30 cents per bushel more than prices for September-October.

“Who knows what the markets will bring next week,” she pondered.

She quoted feed barley for September-October at C$4.80/bu. delivered in the Edmonton area, with that for November-December at C$5/bu.

As for feed wheat, Leclerc placed it at C$7 per bushel picked up in the yard in the Red Deer/Edmonton area, with number one wheat at C$7/bu. delivered.

“The feed wheat markets is a little more aggressive than the number one market,” she said.

When it came to the province’s grain harvest, Leclerc stated “We are seeing a lot of pockets of lightweight grain in Alberta. The monster crop everyone was anticipating seems to be very patchy.”

The post Feed Grains Weekly: Rail disruptions push up Alberta prices appeared first on Grainews.

“It’s very odd we are not seeing the reflection in the [feed] market,” stated Susanne Leclerc of Market Master Ltd. in Edmonton.

“Canola is having some positive days, and we are seeing that reflected into the canola market. But feed grains have yet to see that priced into the market,” she lamented.

One of the main reasons for stronger prices Leclerc pointed out is the Prairie weather, with a hike in daily temperatures. Highs were forecast to surpass 30 degrees Celsius across much of the region with scatter thunderstorms at best for precipitation.

She explained that grain buyers placed their focus on cheaper corn in the United States and the prospects there for a very good harvest, while suggesting there might soon be change in feed prices.

“It will be interesting to see come another week or two any of those markets ‘appreciate’ the weather,” Leclerc commented.

Leclerc said Market Master is paying five dollars per bushel for old crop feed barley picked up in the yard in the Edmonton area, with new crop prices 10 to 15 cents/bu. higher. In the Red Deer, area she said barley was C$5.20/bu. for old crop and C$5.30 for new crop.

As for feed wheat, she had only an old crop price of C$7.50/bu., noting that buyers are waiting to see how this year’s wheat turns out.

When it comes to corn imported from the United States, Leclerc said the amount had tapered off a fair bit, but more purchases were now being made. She expects volumes to pick up again, but they won’t be as much as when Prairie barley and wheat were scarce.

Moving grain by truck continued to be something an issue in Alberta, Leclerc noted, but business has been lax. Once the busy season starts towards the end of July, she said there will very likely be problems with availability of drivers and trucks.

The post Feed Grains Weekly: Prices remain lower despite upswing in market appeared first on Grainews.