Feed weekly outlook: Prairie grain prices on rise despite harvest

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MarketsFarm — Feed barley and wheat prices in Western Canada have been showing some unusual strength in late September, with prices rising despite seasonal harvest pressure.

“Right now we’ve been seeing a lot of talk about exports and the need for feed at feedlots,” said Erin Harakal, senior trader at Agfinity at Stony Plain, Alta.

Barley and wheat prices could increase a little more in October, Harakal added. However, she said, there is still a fair bit of grain to come off the fields that has to make its way into the market. Come November and December, she believes prices could rise again.

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Prairie Ag Hotwire reported barley prices were steady to higher over the past week. In Alberta, prices rose 15 cents per bushel, to $4.55-$4.65 delivered. In Manitoba, the price increased 10 cents, ranging from $3.40 to $3.69/bu., while in Saskatchewan they held steady at $3.75-$3.84.

Feed wheat prices didn’t move as much, remaining firm in Alberta and Saskatchewan, where the grain fetched $4.63-$6.53/bu. and $4.63-$5.60 respectively. There was an 11-cent gain for Manitoba feed wheat, with prices ranging from $5.35 to $5.46/bu.

— Glen Hallick reports for MarketsFarm from Winnipeg.

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Glen Hallick - MarketsFarm

Glen Hallick writes for MarketsFarm specializing in grain and commodity market reporting.

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