Glacier FarmMedia | MarketsFarm — Demand for feed grains continued to hold up fairly good with ongoing dry conditions on the Canadian Prairies not having much of an impact on prices, said Brandon Motz, a manager at CorNine Commodities in Lacombe, Alta.
“Demand is steady, and supply is matching that probably at a similar pace,” Motz said, noting farmers continue to be reluctant sellers.
That has helped to underpin feed grain prices with barley and wheat at C$315 to C$320 per tonne spot for June-July, Motz quoted.
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“The other thing to realize is corn has come down substantially,” he said, citing it at C$283 to C$285/tonne picked up at the elevator for June-July.
“There’s enough corn to keep a lid on barley,” he added.
Motz said that at this point of the growing season, dryness most often has little impact.
“If there was ever a time to be dry, it’s now,” he said.
Prairie Ag Hotwire reported most feed barley and wheat prices were steady. As of June 4, old crop barley was up 50 cents in Saskatchewan at C$5.25 to C$6.00 per bushel delivered. For Manitoba prices were unchanged at C$5.19 to C$5.35/bu. and also unchanged in Alberta at C$5.20 to C$6.97/bu.
Old crop wheat held firm, with Saskatchewan at C$7.50 to C$7.95/bu. delivered, Manitoba at C$7.24 and Alberta at C$7.00 to C$8.98.
