# Feed weekly outlook: Prices fall with rain - AgCanada

> 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.

- Date: 2019-06-29 · published 2019-06-29T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/58666-feed-weekly-outlook-prices-fall-with-rain-agcanada
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: neutral
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/feed-weekly-outlook-prices-fall-with-rain

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.