MarketsFarm — As the harvest across most of the Prairies begins to wind down, price movement for feed barley has remained fairly stable, according to Erin Harakal, senior trader for Agfinity at Stony Plain, Alta.
“October is getting covered is what’s happening. There’s not too much room left for October,” Harakal said, noting the midway point of the month is approaching, with attention soon shifting toward the coming months.
She said feed barley going into Lethbridge was $420 per tonne, with November-December at $425-$430.
Read Also
U.S. grains: Wheat futures rise on supply snags in top-exporter Russia
U.S. wheat futures closed higher on Thursday on concerns over the limited availability of supplies for export in Russia, analysts said.
But the story is a little bit different for feed wheat, she said.
“Feed wheat has been climbing over the last week and a half. Almost daily it seems there’s been a bit of an increase,” Harakal said, pointing to demand as the driving factor.
She said Agfinity’s price for October feed wheat to feedlot alley was $405 per tonne, with November-December also being in that range.
In tracking grain prices, Prairie Ag Hotwire reported that as of Wednesday, movement in feed barley prices on the Prairies has been mixed. While prices in Manitoba remained steady at $6.58-$7 per bushel, those in Saskatchewan pulled back, giving up 20 cents at $6.75-$7/bu. As for Alberta, prices nudged up three cents at $6.75-$9.14/bu.
Meanwhile, feed wheat was higher in Western Canada, with a gain of 47 cents/bu. in Manitoba at $10.58/bu. Prices in Saskatchewan jumped $1.25 at $8.50-$11.75/bu. and in Alberta, price rose 82 cents at $9.13-$12.11/bu.
— Glen Hallick reports for MarketsFarm from Winnipeg.
