Canada: Demand for feed grains currently at a standstill

Despite prices continuing to come down for feed grains in Western Canada, demand for them is currently at a standstill, according to Susanne Leclerc of Market Master Ltd. in Edmonton, Grainews reported on October 12.

�I think we�re in that lull time right now between corn and barley (deliveries) as the (U.S.) corn harvest is underway,� Leclerc said, adding that demand is steady until more corn deliveries arrive at feedlots.

�There is an opportunity for people right now to see a late bump in barley prices, but there�s an opportunity to sell and have some movement on barley until we see more corn come in.�

She also said that not only is harvest pressure contributing to price declines, but so is a lack of international export partners due to ongoing geopolitical events.

With barley and wheat harvests mostly or entirely complete in Western Canada, Leclerc still believes there is a chance for feed grain prices to fall further.

�We�re seeing more of a bump in (barley) over the past two weeks than we have in a while. But I think we see more opportunity for it to come down based on the fact that we�ll see more corn in November. But it�s a real unknown as we don�t know how everything�s going to progress internationally when everything�s so wild.

�With harvest going on down there and everything else that�s going on right now, I really don�t think anyone can predict that.�

As of October 10, delivered feed barley bids in Alberta ranged from C$5.75 to C$7.51 per bushel, down 43 cents from last month and down C$1.63 from last year, according to Prairie Ag Hotwire. In Saskatchewan, bids ranged from C$5.50 to C$5.80/bu., down 20 cents from a month ago and down 95 cents from one year ago. In Manitoba, the bids were from C$5.25 to C$5.92/bu., 36 cents lower than last month and C$1.33 lower than last year.

For feed wheat, delivered bids in Alberta ranged from C$7.76 to C$9.80/bu., 68 cents lower than last month and C$2.31 lower than last year. In Saskatchewan, bids were from C$8-C$8.88/bu., down 23 cents from last month and down C$2.88 from last year. In Manitoba, the high-delivered bid was C$8.33/bu., 20 cents lower than a month ago and C$2.51 lower than a year ago.

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