Feed Grain Weekly: Prices rise on seasonality

Glacier FarmMedia | MarketsFarm — Costs for feed grains within the Lethbridge space moved barely larger throughout the week ended April 24 as growers started to repair their consideration in direction of seeding.

Jim Beusekom, president of Market Place Commodities in Lethbridge, reported bids for feed barley starting from C$312 to C$315 per tonne, feed wheat at C$315 to C$320/tonne and corn from C$315 to C$325/tonne. The costs signify will increase of C$3 to C$5 from the week earlier than, which he mentioned had been a “seasonal play”.

“It’s not simply spring seeding. It’s springtime,” Beusekom mentioned. “You may have spring seeding, you may have highway bans, you may have rain, which makes loading vehicles on-farm tough (as a result of it’s) too muddy. Or if it’s dry, maybe it’s a drought in some areas. It’s the everyday spring issues that make grain extra expensive.”

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There seems to be extra moisture within the soil within the Prairies typically in comparison with final yr, in line with Beusekom. He added that north and central Saskatchewan are wetter whereas the southern area stays dry. Southern Alberta additionally remained dry, whereas northern and central areas, particularly the Peace area, noticed extra moisture.

“We had fires (in northern Alberta) early final yr. I’m fairly positive that space is way wetter than 12 months in the past,” Beusekom mentioned. “How does that search for crop manufacturing? I’d say it’s respectable proper now with no speedy issues … Total, it appears very regular.”

He doesn’t anticipate feed grain costs to return down any time quickly.

“From right here via to Might lengthy weekend, we might name the market regular to barely larger,” Beusekom mentioned.