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Organic grain prices are becoming more available across Canada as harvest progresses, with demand strong for hard red spring wheat, durum, Khorasan, and spelt. Feed demand is weak because consumers are squeezed by higher mortgage rates, so pork and poultry producers in the US and eastern Canada have switched to conventional feed.
Prairie organic wheat prices dipped after a sudden influx of supply.
Weak feed demand from reduced meat consumption and a shift to conventional feed keeps organic feed grain demand soft. Conventional feed prices are not directly moved by this organic-specific trend.
agcanada.comOrganicBizSep 5, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
