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Feed grain prices in Lethbridge fell about $10 per tonne after rain fell on parts of the Prairies, with barley near $285-$290 and wheat near $265 per tonne. New-crop barley and wheat were quoted around $235-$240 and $230-$235 per tonne.
Feedlots are well covered for new crop, and about 12,800 tonnes of US feed corn entered the Canadian pipeline in one week.
Rain easing Prairie drought weakens the feed grain price premium, and well-covered feedlots will bid less for grain until new crop is clearer, pressuring barley and wheat prices.
agcanada.comAGCanadaJun 29, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
